UPDATE: CEO Bob Iger is the 3rd highest paid CEO in the country, but the Walt Disney Co said today that its fiscal 2nd-quarter net income fell 46% because of decreased park attendance despite a slew of promotions, lower ad sales at its O&O TV stations, and a decline in DVD sales, as well as restructuring charges. Disney’s revenue fell 7%. But earnings were $.43 cents a share, above what analysts expected, which sent the company stock price up 3% in after-hours trading.
Disney Beats Street Though Revenue Fell 7% And Net Income Sank 46%
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