August 21, 2013 |
The Disney/ABC Television Group, which includes the ABC network, local TV stations and the Disney Channel and ABC Family cable networks, is restructuring its operations, which will result in layoffs across the unit. About 175 jobs are expected to be cut through layoffs or from not filling open positions, a person familiar with the matter said. The Disney/ABC Television Group employs around 7,600 people. “As technological advances continue to alter the competitive landscape and viewer habits, it's incumbent upon us to stay ahead of the curve.
March 28, 2014 |
Discovery Communications Chief Executive David Zaslav might run one of the smallest of the major media companies, but his pay remains in the big leagues. Zaslav last year collected compensation valued at $33.3 million, according to Discovery's proxy, which was filed Friday afternoon with the Securities and Exchange Commission. That amount represented a more than 30% drop over Zaslav's 2012 pay arrangement, which was valued at $49.9 million. ON LOCATION: Where the cameras roll Zaslav in 2013 received a base salary of $3 million, a $5.8-million cash bonus and $22.5 million in stock option awards.
November 20, 2013 |
Walt Disney Co. has hired a new advertising agency to oversee media planning for its movie studio. OMD, whose clients include Pepsi and Visa, on Wednesday landed the Disney Studios account, which handles an estimated $800 million a year in advertising spending, according to sources familiar with the matter. It is a major coup for OMD, which has a large Los Angeles office that handles its Nissan and Wells Fargo accounts. Publicis Groupe's 4D agency lost the Disney account.
September 14, 2004 |
Former Walt Disney Co. directors Roy E. Disney and Stanley P. Gold said Monday that they would nominate a new slate of directors unless the board moved to replace Chief Executive Michael Eisner before the annual shareholder meeting in March. In an open letter to directors, the two dissidents called for the immediate hiring of an executive recruiting firm to conduct a worldwide search for a new CEO.
April 4, 2003 |
Michael O. Johnson, president of Walt Disney International and a 17-year company veteran, Thursday joined dietary supplement giant Herbalife International as its chief executive. "It's a chance to be CEO of a Los Angeles company that I think has a great future," said Johnson, 48. Herbalife executives cited Johnson's experience expanding global businesses. Johnson is the latest in a series of high-profile executives who have left Walt Disney Co. in recent years to pursue careers elsewhere.
June 15, 2012 |
The opening day of Disney's California Adventure has begun. Characters from the "Newsies" film and musical danced on stage Friday as company Chief Executive Bob Iger lauded the changes to the park. “We believe the transformation over the last five years, culminating in Buena Vista Street and Cars Land, created a totally new experience and deserves a grand opening,” Iger said. The Disney California Adventure park, next door to Disneyland, opened in 2001 and has had underwhelming returns, even by the admission of company executives.
November 7, 2001 |
Walt Disney Co. has acquired Baby Einstein Co., a maker of award-winning toys, books and videos for babies and toddlers, in a bid to cash in on the expanding developmental learning market. Terms of the transaction were not released, nor were financial figures on closely held Baby Einstein. The Lone Tree, Colo.-based business, founded in 1996 by former English and art teacher Julie Aigner-Clark, sells books, compact discs and videos that expose babies to poetry, language, music and art.
June 5, 2012 |
Disney says it's taking ads for junk food off its children's programming. The Walt Disney Co. on Tuesday announced new guidelines for TV, radio and website programming at an appearance in Washington with First Lady Michelle Obama. Critics who have for years complained about fatty, sugary food and beverage ads aimed at kids praised the move. And, they said, it's smart: As a company that positions itself as family-friendly, Disney can be seen as looking out for kids' health.
September 26, 2011 |
Disney characters apparently enjoy the seafaring life. Disney Cruise Lines announced last Friday the addition of a second Hawaii cruise from Los Angeles to its 2012 schedule. The company says in a statement that the cruise was added because "our guests wanted more options to visit Hawaii. " The second cruise leaves Oct. 14 and will feature eight days at sea during the 14-night itinerary. The cruise aboard the Disney Wonder will stop at four islands: Maui (Kahului)