Disney's net income falls 32%
We knew it would be ugly. Now we're starting to see just how hard the economic meltdown is hitting showbiz.
Disney kicked off what's likely to be a grim earnings season in the media sector by posting on Tuesday a 32% drop in net income for the first quarter. Overall revenue slumped 8% to $9.6 billion, and net income was $845 million.
Can anyone... put this in context? Has it ever gotten this bad this fast other than the slide towards the depression?
