Reviving the not-so-wonderful world of Disney
Article Abstract:
Walt Disney Co. has warned Wall Street and investors that earnings will be flat for this fiscal year but the company is working on plans to recharge. Cutting costs is one part of the plan; another is expanding in cyberspace.Its Website, Disney.com., has generated sales, so far, of the equivalent of eight retail stores. The company has also partnered with Infoseek for launching a new Internet portal. Fault for lackluster profits is placed with not only the Asian situation affecting sales, but with the lack of an animated blockbuster like "The Lion King."
Comment:
Cost-cutting and Internet plans are strategies planned for improving lackluster sales; blockbuster animated film would help too
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Disney plans to pay annual dividends in a single check
Article Abstract:
Walt Disney Co has announced a cost-cutting switch to a single annual dividend payment to its 1.7 million shareholder accounts. Because so many shareholders have fewer than 10 shares, the cost of mailing quarterly dividend checks to some accounts was more than the actual dividend itself, Disney said. The annual dividend payments will start with Disney's fiscal 1st qtr on Oct 1, 1998, and be mailed out in Nov 1999. Disney did not disclose how much it expects to save by switching to annual payments.
Comment:
Plans cost-cutting switch from quarterly to annual dividend payments to its 1.7 mil shareholders
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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