Eisner gets quiet approval from Disney board

Posted Friday, December 12, 2003 10:49 AM | Contributed by Jeff

Just over one week after Disney board member Roy Disney resigned, with a slightly brighter outlook for 2004, Wall Street sees no reason to oust the 19-year CEO when the company seems to have retuned its growth engine after years of sluggishness. Disney on Wednesday said profits could grow 30 percent or more in fiscal 2004 ending in September, implying a half-penny share more than it forecast in late November, and Disney projected its beleaguered ABC TV network would profit in 2005.

Read more from Reuters.

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