Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!
TEXT OF STORY
Renita Jablonski: Investors find out later today whether the ailing economy has put a damper on Walt Disney’s bottom line. Marketplace’s Janet Babin reports from North Carolina Public Radio
Janet Babin: With gas close to four bucks a gallon, a lot of summer vacations will probably be spent on the couch. That wouldn’t be too bad for Disney — the biggest part of its revenue comes from ads on its TV networks. Its Achilles heel, though, may be the Magic Kingdom. Disney theme parks and cruise lines have suffered in prior recessions. But analyst Nicole Black at Wachovia expects the company will tough it out and even see profits increase.
Nicole Black: They’re very well diversified across things like movies, cable channels, network channels, resorts. They have a very large consumer products business.
One of Disney’s best known brands had a scare last week. Hannah Montana’s 15-year-old star turned up in a racy magazine spread. Dade Hayes is Variety’s New York Bureau Chief. He says Disney’s contained the damage.
Dade Hayes: To me it doesn’t seem like a Lindsey Lohan meltdown.
Too bad Disney hasn’t been able to contain high gas prices and consumer confidence.
I’m Janet Babin for Marketplace.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.