Disney ordered to pay damages in secrets case
Article Abstract:
Walt Disney Co. was ordered to pay $20 million in damages by a federal court in St. Paul, Minnesota to Children's Broadcasting Corp. in a legal row over trade secrets. ABC Inc., a unit of Disney, called for a mistrial as it claimed that the verdict was inconsistent on a major issue. Under the terms of a 1995 agreement, Disney was supposed to bring about national ad sales, seek out new affiliates, and aid in research and marketing for Children's Broadcasting's AAHS World Radio network. However, Disney withdrew from the deal in mid-1996.
Comment:
Walt Disney Co. ordered to pay $20 million in damages by fed court to Children's Broadcasting over trade secret dispute
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Disney to buy Infoseek stake for Web help
Article Abstract:
Walt Disney Co. will purchase a 43% stake in Internet search and directory service Infoseek Corp. Disney hopes its growing array of on-line services will get wider distribution on Infoseek's Web site. Disney's Internet sevices include ESPN Sportszone, ABCNEWS.com and the Disney's Daily Blast children's on-line service. Disney will give Infoseek its ownership position in Seattle Web-site developer Starwave Corp. plus $70 million in cash for a 43% stake in Infoseek. Starwave's value is estimated at about $350 million.
Comment:
Will buy 43% stake in Infoseek Corp.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Disney names insider Staggs to succeed Nanula in chief financial officer post
Article Abstract:
Thomas O. Staggs was appointed as Walt Disney Co.'s new chief financial officer and executive vice-president. Mr. Staggs will be replacing Richard Nanula, who was appointed as Starwood Hotels & Resorts Worldwide Inc.'s president and CEO. Mr. Staggs had been Disney's senior vice-president of strategic planning. He joined the company in 1990. Mr. Staggs has aided in the development of Disney's strategy on a wide range of issues.
Comment:
Thomas O. Staggs appointed as Walt Disney Co.'s new chief financial officer and executive vice-president.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Comment about this article or add new information about this topic:
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