Walt Disney today posted bigger first-quarter profits than Wall Street expected, but Michael Eisner still may be in for more trouble. He-s been abandoned by Steve Jobs and Pixar, and he-s been fighting a revolt by key shareholders, including Roy Disney.
Now he's facing a hostile bid by Comcast, America-s biggest cable company, which is offering $66 billion to bring the companies together in order to form an even bigger conglomerate. What would a merger mean for the entertainment industry? We hear from Carol Diorio, business editor of Variety, and author David Koenig, who has written several books about Disney.
- Making News: Supermarket Strike Negotiations Resume after 7-Week Hiatus
Last week, the supermarkets rejected binding arbitration with the United Food and Commercial Workers, who-ve been on strike for 4 months. Today, negotiations resumed. Nancy Cleeland, who has been covering the story for the LA Times, talks about the faltering strategy of the UFCW and the unwavering resolve of national grocery chains.
- Reporter's Notebook: Former Compton Mayor Convicted for Using City Credit Cards
The City of Compton-s former highest elected official used to call himself the -gangster mayor.- Tonight, Omar Bradley is sitting in jail, facing 5 years in prison for misusing $7500 in public funds. Erin Aubrey Kaplan, staff writer for the LA Weekly, looks at the man, the myth and his conviction for public misconduct.
UFCW strike update
Cleeland's article on the union's failure, grocers' resolution
Comcast news release on proposes merger with Disney
Walt Disney Company
Forrester Research on the Comcast-Disney merger
Institutional Shareholder Services
Pixar news release on break-up with Disney
Variety article on Comcast's merger bid
District Attorney's news release on conviction of former Mayor Bradley
City of Compton