August 27, 2002 |
Fitch Ratings on Monday downgraded its rating on Walt Disney Co., citing the company's debt, the struggling ABC television network and the falloff in the company's theme park business. Fitch cut its rating on Disney's unsecured debt from A-minus to BBB-plus, Fitch's third-lowest investment grade. The lowering affects about $14 billion in debt. The action could marginally raise Disney's borrowing costs by increasing the interest rates the company pays on its debt, analysts said.
August 12, 1989 |
A majority of National Assn. of Broadcast Employees and Technicians workers at ABC have voted for a new contract offer, the network said Friday, but ratification was held up by members of eight units who rejected the four-year pact. However, union spokesman John Krieger said that NABET hopes to have the matter resolved "within a couple of weeks, hopefully sooner" after joint meetings of union and management with the dissenting NABET members.
May 8, 1992 |
A review of Richard M. Nixon Administration documents has turned up a memo indicating that Texas billionaire Ross Perot, now preparing for an independent run for the presidency, offered to buy a television network in 1969 to aid Nixon's public relations. In an interview with the Associated Press, Perot insisted that his contacts with the Nixon White House were limited 99% of the time to his widely publicized efforts to free American prisoners of war in Vietnam.
December 2, 2003 |
The ABC television network and media agency MindShare North America on Monday said they would develop television shows together in a deal that would allow advertisers to weigh in early on the programs they sponsor. ABC, a unit of Walt Disney Co., and MindShare, a unit of advertising conglomerate WPP Group, said they would first focus on creating scripted series for family audiences, with the two companies sharing development costs.
March 22, 2001 |
Walt Disney Co.'s ABC television network told media buyers it's sending them the scripts of pilot episodes for every new series that may run in the next TV season. ABC, in what it described as an "unprecedented" move, will allow media buyers to sample new comedies and dramas that may be added to the new season, ABC Entertainment Co-Chairman Lloyd Braun said. The dramas will be sent now, and the comedies later.
July 9, 1999 |
In a cost-cutting move aimed at improving the stock price of the world's second-largest media company, Walt Disney Co. is restructuring its network television operations by combining them into a single unit at ABC. Walt Disney Television Studio, including Buena Vista Television Productions, will be merged with ABC's prime-time division to form a new unit called ABC Entertainment Television Group.
November 22, 2008 |
Soon, the TV world will not have Ned the Pie Maker or the dysfunctional Darlings or Eli Stone/George Michael. ABC President of Entertainment Steve McPherson broke the news Thursday afternoon that the network was giving up on three sophomore shows, "Pushing Daisies," "Dirty Sexy Money" and "Eli Stone. " Although McPherson never uttered the words "You're canceled" to producers, the message was clear to the cast and crews: They had been dumped. The network is not ordering more episodes of the three series, though it will complete production and air all produced episodes of each.
May 10, 2002 |
Taking a major leap of faith, ABC is hoping "Dinotopia"--a fantasy world in which humans and dinosaurs coexist--can help breathe life into a struggling television network that lives in a real world where big-budget, special effects-laden movies have been on the verge of extinction. The miniseries comes at a time when other networks have cut back on or abandoned the genre after audiences seemed to lose interest. But ABC, which is owned by Walt Disney Co.
August 6, 1987 |
Did she . . . or didn't she? Agree to tell all, that is. Donna Rice, her manager and the ABC television network are feuding over the plot of a planned ABC made-for-TV movie on Rice's life--specifically, if the ex-model agreed to reveal whether she had slept with former presidential candidate Gary Hart. Rice herself said Wednesday she would make no deals with anyone that required she reveal whether she was intimate with Hart.
April 11, 2006 |
Walt Disney Co.'s ABC television network will offer some of its most popular shows, such as "Desperate Housewives" and "Lost," free on the Internet in a two-month trial, the company said Monday. The move was the latest effort by leading U.S. media companies to experiment with the delivery of programs through new technologies and still maintain revenue as viewership for prime-time television schedules slowly erodes.