Enjoy the Silence
Disney has made no official statement on Comcast's bid since the following statement, made 2/11/2004:

February 11, 2004
Contacts: Zenia Mucha
(818) 560-5300*

STATEMENT BY THE WALT DISNEY COMPANY

The Walt Disney Company Board of Directors has received and will carefully evaluate the unsolicited proposal from Comcast Corp. In the meantime, there is no action for shareholders to take. Today and tomorrow, the company will present to Institutional Investors and Analysts at a previously scheduled conference its broad array of unique and valuable businesses, as well as the strategies being deployed to fully realize the tremendous long-term value of those assets. # # #

Obviously a response to such a bid must be more than a "yes" or a "no." Presumably the response, when publicized, will be a very long no with voluminous justification of why a higher share price is warranted.

Perhaps Disney's drafting the response, or perhaps they're concentrating on other shareholder threats to Eisner at the moment.

Comments

Post a Comment

Popular posts from this blog

Where Are They Now at laradio.com laradio.com includes an excellent "Where Are They Now?" section. Here are some excerpts: Baka Boyz: KPWR, 1993-99; KKBT, 1999-2000. Eric and Nick Vidal moved to Miami in early 2003. Blade, Richard: KNAC; KROQ, 1982-2000. Richard left KROQ in April 2000 and moved to St. Thomas Island to teach scuba diving. He returned to the Southland in 2003. Burton, Michael: KROQ, 1990-95. Michael "the maintenance man" left the Kevin & Bean morning show in the fall of 1995 and filed a wrongful-termination suit charging the station with racial and religious discrimination. The suite was settled in late 1996 with both parties prohibited from revealing financial details. Furillo, Bud: KABC, 1973-75; KIIS, 1975-79; KABC, 1979-87; KFOX, 1988-90. Bud is working at KPSI-Palm Springs. Jackson, Michael : KHJ, 1963-65; KNX, 1965; KABC, 1966-98; KRLA, 1999-2000; KLAC, 2001-02. Michael left KLAC in late 2002 following a format change from Talk to Adult S...
Read more
Random Braveman...Random Contest Discoveries With all the hits that he's been getting, it's obvious that Mitzzee and I are not the only ones who have discovered Daily Dancer . Blogpulse and other sources list the following references to Daily Dancer: jrnev.blogspot.com/2005/06/i-might-do-this.html aprilshah.blogspot.com/2005/06/so-much-stuff-so-little-time.html bamapachyderm.com/archives/2005/06/01/omglollmaowtf/ andrightlyso.com/archives/2005/06/01/daily-dancer/ badhairblog.blogspot.com/2005/06/this-is-what-watching-clive-owen.html mickey.ondragonswing.com/archives/006310.html www.tabulas.com/~lainie/877653.html dailydancer.com/plesk-stat/webstat/usage_200506.html showdown.contagiousmedia.org/ The post from Lainie is especially illuminating: Daily Dancer. A computer geek who posts up videos of himself dancing to a different song everyday. This is part of the Contagious Media Showdown awards. Since he needs to get as many visitors per day as possible, I doubt he's reall...
Read more