Comcast Abandons Disney Bid, but Pressure on Eisner Remains

Grok Headline matches for Comcast Abandons Disney Bid, but Pressure on Eisner Remains

Comcast Abandons Takeover Bid for Disney
(AP)

Comcast Abandons Takeover Bid for Disney
(AP) 04/28/2004 08:18 PM
AP - Cable giant Comcast Corp. dropped its two-month-old unsolicited bid for The Walt Disney Co. on Wednesday after being rebuffed by Disney and encountering resistance from its own shareholders.

Comcast abandons takeover bid for Disney

Comcast abandons takeover bid for Disney 04/28/2004 08:10 PM

Disney descendant quits the Disney Board
of Directors, and tells Eisner why

Disney descendant quits the Disney Board
of Directors, and tells Eisner why 12/02/2003 04:13 AM
Roy Disney's letter of resignation to Eisner .. email

craphound.com/roytoeisner.txt
track this site | 6 links

Roy Disney resigns from Disney, slams
Eisner

Roy Disney resigns from Disney, slams
Eisner 12/02/2003 01:43 AM
Roy Disney has resigned from the Disney Board of Directors, and has sent a scathing email to Michael Eisner explaining, in exorciating detail, exactly why he's leaving the company his uncle founded.

1. The failure to bring back ABC Prime Time from the ratings abyss it has been in for years and your inability to program successfully the ABC Family Channel. Both of these failures have had, and I believe will continue to have, significant adverse impact on shareholder value.

2. Your consistent micro-management of everyone around you with the resulting loss of morale throughout the Company.

3. The timidity of your investments in our theme park business. At Disney's California Adventure, Paris and now in Hong Kong, you have tried to build parks "on the cheap" and they show it and the attendance figures reflect it.

Link (Thanks, Robynne!)

Disney Foes Want Eisner Out Now

Disney Foes Want Eisner Out Now 09/13/2004 06:17 PM
TheStreet.com Sep 13 2004 9:47PM GMT

Disney CEO Eisner to step down in 2006

Disney CEO Eisner to step down in 2006 09/10/2004 11:17 AM
Michael Eisner said he plans to step down as Walt Disney chief executive when his contract expires in September 2006...

New Disney boss as Eisner ousted

New Disney boss as Eisner ousted 03/14/2005 06:04 PM
Walt Disney Co names insider Robert Iger as successor to embattled chief executive Michael Eisner, who is leaving a year early.

Michael Eisner, CEO of Disney and
Windows Fool

Michael Eisner, CEO of Disney and
Windows Fool 02/16/2004 02:47 PM
From a post by William Grosso on the O'Reilly Network we read of a Forbes story where Disney CEO Michael Eisner is quoted as say of Apple CEO Steve Jobs, "He created the computer, or at least Windows, or whatever he created, and did a good job."

Like Pixels? Check out MacDesign

Eisner sees Iger as Disney successor

Eisner sees Iger as Disney successor 09/05/2004 04:59 PM
CNET News.com Sep 5 2004 7:23PM GMT

Disney board to meet; may pick Eisner
successor

Disney board to meet; may pick Eisner
successor 09/20/2004 12:11 PM
Picking a successor for CEO Michael Eisner is expected to be on the agenda at today's Disney board meeting...

Disney heir launches anti-Eisner site

Disney heir launches anti-Eisner site 12/12/2003 06:36 PM
Roy Disney, who resigned last month, creates a Web site to drum up support in his campaign to oust Michael Eisner, CEO of Walt Disney Co.

Ovitz Blasts Eisner, Disney (Los Angeles
Times)

Ovitz Blasts Eisner, Disney (Los Angeles
Times) 05/15/2004 07:24 AM
Los Angeles Times - Former Walt Disney Co. President Michael Ovitz testified in a court deposition that the man who inherited his job, Bob Iger, once wanted to quit in frustration because he bristled under Disney Chief Executive Michael Eisner's "micromanaging."

Eisner Plans to Step Down as Disney
Chief in 2006

Eisner Plans to Step Down as Disney
Chief in 2006 09/10/2004 12:48 PM
The embattled chief executive officer told Disney's board of directors that he plans to step down in two years.

Roy Disney resigns, urges Eisner to
follow suit CNET News.com

Roy Disney resigns, urges Eisner to
follow suit CNET News.com 12/03/2003 12:36 AM

news.com.com/2100-1026_3-5112210.html?tag=nefd_top
track this site | 4 links

Saddam captured; Motorola eyes
Zafirovski to replace Galvin; Roy Disney
starts anti-Eisner site

Saddam captured; Motorola eyes
Zafirovski to replace Galvin; Roy Disney
starts anti-Eisner site 12/15/2003 11:39 AM
Forbes Dec 15 2003 10:44AM ET

Motorola names Zander to replace Galvin;
Saddam captured; Roy Disney starts
anti-Eisner site

Motorola names Zander to replace Galvin;
Saddam captured; Roy Disney starts
anti-Eisner site 12/16/2003 11:11 AM
Forbes Dec 16 2003 8:57AM ET

Comcast drops Disney bid

Comcast drops Disney bid 04/28/2004 07:34 AM
The cable giant withdraws its multibillion-dollar offer to acquire Disney, citing opposition from the entertainment company.

Comcast offers to buy Disney for $66B

Comcast offers to buy Disney for $66B 02/11/2004 05:53 PM
Comcast approached Disney earlier this week with an offer to buy the company but was rebuffed. It made the offer public today.

Comcast offers to buy Disney

Comcast offers to buy Disney 02/11/2004 12:12 PM
Comcast has made a US$66 billion stock-swap offer for Disney. The DRM implications for such a transaction are staggering.

Comcast pulls out of Disney bid

Comcast pulls out of Disney bid 04/28/2004 07:29 AM
The US cable TV firm scraps plans to buy Walt Disney after the entertainment giant shows "no interest" in its bid approach.

Comcast Wants To Buy Disney For $66
Billion

Comcast Wants To Buy Disney For $66
Billion 02/11/2004 09:27 AM

Other News: Comcast Wants Disney

Other News: Comcast Wants Disney 02/11/2004 05:53 PM
Comcast wants to take over Disney, offering $54 billion to do it.

Comcast walks away from Disney bid

Comcast walks away from Disney bid 04/28/2004 01:17 PM

Disney spurns Comcast bid

Disney spurns Comcast bid 02/17/2004 04:11 AM
ZDNet UK Feb 17 2004 8:38AM GMT

Comcast bids for Disney

Comcast bids for Disney 02/12/2004 02:43 AM
Boston Globe Feb 12 2004 6:04AM GMT

Comcast tunes into Disney for broadband

Comcast tunes into Disney for broadband 07/21/2004 10:53 AM
High-speed Net subscribers will get access to children’s entertainment from Disney and streaming media from ABC News.

Comcast CEO writes to Disney CEO. - Feb.
11, 2004

Comcast CEO writes to Disney CEO. - Feb.
11, 2004 02/12/2004 04:23 AM
Comcast's Letter to Disney

money.cnn.com/2004/02/11/news/comcast_letter
track this site | 4 links

Comcast Drops Takeover Bid for Disney
(AP)

Comcast Drops Takeover Bid for Disney
(AP) 04/28/2004 07:17 AM
AP - The cable giant Comcast Corp. is dropping its takeover bid for The Walt Disney Co., saying Disney management has made it clear it has no interest in putting the two companies together.

Comcast May Officially Withdraw Disney
Bid

Comcast May Officially Withdraw Disney
Bid 04/26/2004 07:06 PM
Back in February, when Comcast first announced their hostile bid to buy Disney it was big news. Then everyone looked at and realized that the deal made no sense, and everyone stopped talking about it. Realizing that it's clearly not going anywhere, and it's pretty much meaningless altogether, Comcast is considering withdrawing the bid altogether, which may be seen as an apologetic form of saying "um, okay, we admit, it wasn't the smartest idea in the first place..."

Comcast Makes Unsolicited Bid for Disney
(AP)

Comcast Makes Unsolicited Bid for Disney
(AP) 02/11/2004 08:29 PM
AP - Cable television giant Comcast Corp. made a surprise bid for The Walt Disney Co. that would create the world's biggest media conglomerate and likely spell an end to the 20-year career of Disney chief Michael Eisner.

Comcast makes offer on Disney

Comcast makes offer on Disney 02/11/2004 12:29 PM
Comcast has made a $66 billion offer for Disney.

Comcast also released a letter sent to Eisner indicating that Eisner had personally rejected Roberts' offer to enter into discussions about a merger earlier in the week.

The letter from Roberts called it "unfortunate" that Eisner was not willing to enter into discussions. "Given this, the only way for us to proceed is to make a public proposal directly to you and your board," the letter stated.

Under the merger, Comcast said it would issue 0.78 of a share of its stock for each Disney share, and Disney shareholders would retain 42 percent of the combined company.

Link

Comcast CEO outlines Disney plans

Comcast CEO outlines Disney plans 02/11/2004 08:17 PM
NEW YORK - At a hotel directly facing one of Disney's sprawling merchandise stores, Comcast Corp. President and CEO Brian Roberts laid out his strategy and rationale Wednesday for Comcast's $66 billion unsolicited bid for control of The Walt Disney Co.

Comcast Proposes to Buy Walt Disney (AP)

Comcast Proposes to Buy Walt Disney (AP) 02/11/2004 09:40 AM
AP - In a surprise move, cable TV giant Comcast Corp. proposed early Wednesday to buy Walt Disney Co., the iconic media and entertainment powerhouse that owns the ABC and ESPN television networks, movie studios and theme parks, for stock valued at about $54 billion.

Comcast Drops Designs on Disney

Comcast Drops Designs on Disney 04/28/2004 09:30 PM
Internet.com Apr 29 2004 1:57AM GMT

Disney Board Rejects Bid From Comcast as
Too Low

Disney Board Rejects Bid From Comcast as
Too Low 02/17/2004 01:15 AM
The board of the Walt Disney Company said that it had unanimously rejected the $54 billion stock offer from Comcast.

Disney Rejects Comcast Offer

Disney Rejects Comcast Offer 02/16/2004 11:55 PM
The board the Walt Disney unanimously rejected the $54 billion unsolicited stock offer from the Comcast Corporation because it was too low.

Comcast Puts Disney in Play

Comcast Puts Disney in Play 02/11/2004 07:54 AM
TheStreet.com Feb 11 2004 12:44PM GMT

Comcast Withdraws Its Bid for Disney
(Reuters)

Comcast Withdraws Its Bid for Disney
(Reuters) 04/28/2004 08:39 AM
Reuters - Comcast Corp. (CMCSA.O), the largest U.S. cable company, on Wednesday withdrew its unsolicited $48.4 billion bid to buy Walt Disney Co. (DIS.N) after the entertainment conglomerate steadfastly refused to open negotiations.

Comcast Proposes Buying Disney

Comcast Proposes Buying Disney 02/11/2004 09:27 AM
Comcast Corporation, the largest U.S. cable television operator, Wednesday said it has proposed buying the Walt Disney Company.
Grok Description matches for Comcast Abandons Disney Bid, but Pressure on Eisner Remains
GrokA matches for Comcast Abandons Disney Bid, but Pressure on Eisner Remains

Disney Dream Desk PC - Disney glues Blue
Ears on PCs

Disney Dream Desk PC - Disney glues Blue
Ears on PCs 08/06/2004 04:29 AM
I4U Aug 6 2004 8:30AM GMT

"Disney descendant quits the Disney
Board of Directors, and te..."

"Disney descendant quits the Disney
Board of Directors, and te..." 12/02/2003 09:59 AM

R.I.P. Will Eisner

R.I.P. Will Eisner 01/04/2005 10:49 AM
Will Eisner Dies at age 86 The father of the modern Graphic Novel and hugely influential comics figure has died today from heart surgery complications. His concept of Sequential Art helped move comics out of the idea of being solely "kid's stuff" and was seen as a cannon in the comic art world. He was working on a book called "The Plot" due out later this year. He will be missed. More info and Eisner Bio at Ne wsarama

"Will Eisner"

"Will Eisner" 01/05/2005 04:21 AM

What was Eisner doing?

What was Eisner doing? 07/16/2004 07:02 AM

De famer imagines what Michael Eisner was doing in my moblog picture of him at Brainstorm 2004. ;-)

via Glenn

Comment - TrackBack

Eisner liked Fahrenheit 9/11

Eisner liked Fahrenheit 9/11 07/15/2004 05:17 PM
Joi's at the Fortune Brainstorm event, blogging Michael Eisner's remarks as they're spoken:

He was asked if he regretted not distributing Fahrenheit 9/11. He said no. Disney is not partisan and the movie was clearly political. Disney is an entertainment company. He said Rupert Murdoch said no for a completely different reason. Murdoch said he hated Moore and liked Bush. That's not why Disney didn't distribute the film.

When asked whether he liked the movie, Eisner said he loved it. It was like going to a rock concert. It was entertaining, hilarious. He loved it in a non-political way.

Link

Eyes on Eisner

Eyes on Eisner 09/13/2004 11:13 AM
Disney's CEO gets ready to move on.

Who would hire Michael Eisner?

Who would hire Michael Eisner? 03/08/2004 11:03 PM

In this interesting New York Times editorial, Nicholas Kristof looks at CEO pay from the perspective of "what would this guy do if we didn't pay him $200 million per year?"  (the $200 million/year is what Michael Eisner earned during some of his better years at Disney (oftentimes those were bad years for stockholders and employees but that's another story)).  Kristof points out that

"There is a huge supply of would-be C.E.O.'s and negligible demand from companies for new ones, so their price should be cheap — if boards would use their leverage. When Jack Welch retired, General Electric held a contest among three underlings to succeed him. Each was desperate to get the job. If G.E. had done its usual tough bargaining, it could have signed Jeffrey Immelt on a 15-year contract for a mere $750,000 a year in salary, plus reasonable incentives for long-term success.

"Except for turnaround experts, C.E.O.'s have few transferable skills and are in little demand elsewhere. The average 63-year-old head of a plastics company has almost zero chance of finding a better job elsewhere. One study found that of 77 cases when a major company had to find a new boss, only twice was this because the C.E.O. had left for another corporate job.

"Think about it. If Mr. Eisner, who turns 62 on Sunday, wanted to switch jobs now, what other public company would hire him as its new chief executive? Frankly, Mr. Eisner is so desperate to hold on to his job that Disney should try to charge him for the privilege of remaining in his post."

Eisner has transferred at least $1 billion from Disney's shareholders' pockets into his personal checking account over the years.  So he probably could afford to pay quite a bit to keep his job!

Michael Eisner quits

Michael Eisner quits 09/10/2004 09:15 AM
Cory Doctorow: Michael Eisner has announced that he's quitting as CEO of Disney when his contract runs out in 2006.

Eisner recently told Walt Disney directors that company president Robert Iger would be a good successor, the Los Angeles Times reported. Iger, whose contract expires in September 2005, has recently met with investors and executives and told the Times he would like the top job.

Link (via The Disney Blog)

Now it's (almost) time to say goodbye to
Eisner

Now it's (almost) time to say goodbye to
Eisner 09/10/2004 11:19 AM
CNET News.com Sep 10 2004 2:44PM GMT

AP Runs Eisner F 911 Story

AP Runs Eisner F 911 Story 07/25/2004 05:41 PM

AP finally ran the Eisner F 911 story. ;-)

via Reid

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"Will Eisner, RIP (1917-2005)"

"Will Eisner, RIP (1917-2005)" 01/05/2005 11:22 AM

Will Eisner, RIP (1917-2005)

Will Eisner, RIP (1917-2005) 01/04/2005 01:19 PM
Mark Frauenfelder: Chris Arrant sez: "Artist, cartoonist and storyteller Will Eisner (www.willeisner.com) has passed away at the age of 87, from complications from heart surgery." Link

Eisner Award noms announced

Eisner Award noms announced 04/14/2004 10:31 AM
Nominations for the 16th annual Will Eisner Comic Industry Awards have been announced. BoingBoing pal Warren Ellis received no fewer than three. Lin k (Thanks, Susa nnah!)

Brainstorm 2004 - Eisner liked
Fahrenheit 9/11

Brainstorm 2004 - Eisner liked
Fahrenheit 9/11 07/15/2004 05:27 PM

Michael Eisner is on a panel now at Brainstorm 2004. He was asked if he regretted not distributing Fahrenheit 9/11. He said no. Disney is not partisan and the movie was clearly political. Disney is an entertainment company. He said Rupert Murdoch said no for a completely different reason. Murdoch said he hated Moore and liked Bush. That's not why Disney didn't distribute the film.

When asked whether he liked the movie, Eisner said he loved it. It was like going to a rock concert. It was entertaining, hilarious. He loved it in a non-political way.

Comment - TrackBack

Comcast Abandons Disney Bid, but Pressure on Eisner Remains

The following phrases have been identified by the grok system as matching this entry: disney and eisner