Orlando Sentinel: Disney Parks Confirm 1900 Jobs Eliminated

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Disney Online Signs Agreement to Acquire Assets from Kaboose, Inc.

Acquisition will Include Kaboose.com, Babyzone.com, AmazingMoms.com Funschool.com and Zeeks.com

North Hollywood, CALIF. — April 1, 2009 — Disney Online, part of the Disney Interactive Media Group (DIMG), announced today it has signed an agreement to acquire Internet assets from Canadian-based Kaboose Inc. including Kaboose.com, Babyzone.com, AmazingMoms.com, Funschool.com and Zeeks.com. The Kaboose assets will be integrated into Disney Online’s extensive line-up of Web sites, extending its leadership in the kids and family online space. The purchase price is approximately $18.4 million (based on approximate price of CAD 23.3 million), subject to certain adjustments.

“This acquisition strengthens our position as a top entertainment destination for kids and families, and a trusted online resource for parents,” stated Paul Yanover, executive vice president and managing director of Disney Online. “These new Web properties complement Disney Online’s category-leading kids and family sites, broadening our audience and infusing an array of new content into our sites, particularly in the baby and mom categories.”

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Disney U.S. Parks Cutting Jobs, Seeking Efficiencies

LOS ANGELES (Reuters) – The Walt Disney Co has cut an undisclosed number of workers at its domestic parks this month in a previously announced plan to consolidate behind-the-scenes operations for Walt Disney World in Florida and Disneyland in California, a spokesman said.

Local media in Florida, tipped off by laid-off workers, have reported cuts as deep as 450 jobs at the two locations.

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TMZ: Lawsuit Against Disney Blames Death on Antiquated Air Conditioning

TMZ is reporting on a lawsuit filed against Disney in Los Angeles today citing that Disney’s headquarters in Burbank has forced residents to live in ‘terror of emissions’ and has resulted in the death of Louise Jackson. Report here.

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Disney Execs to Discuss 2Q Financial Report via Webcast May 5

BURBANK, Calif., March 11, 2009 -  The Walt Disney Company (NYSE: DIS) will announce fiscal second quarter 2009 financial results via a live audio Webcast beginning at 4:30 p.m. EDT / 1:30 p.m. PDT on Tuesday, May 5, 2009 (results will be released at approximately 4:01 p.m. EDT / 1:01 p.m. PDT). To listen to the Webcast, point your browser to www.disney.com/investors. The discussion will be available via re-play through May 19, 2009 at 7:00 p.m. EDT / 4:00 p.m. PDT.

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Additional D23 News from Press Conference Call

D23 Head Steven Clark began the call by providing some background and inspiration on D23, talking about how the Walt Disney Company first got its start on October 16, 1923 (where the 23 comes from) by signing its contract to produce the Alice comedies.

Clark addressed concerns about why there hasn’t been a greater outreach by Disney to its fans in the past. He stressed that Disney has always reached out to its fan base in many different aspects but that they’ve always been at the hand of individual units. D23 represents the first time the company has formed a united front to bring that level of relationship to the Disney fan community. Clark defines D23 as pulling back the curtain, going behind closed doors, going backstage and meeting the cast members that make the magic every day, all summed up as the ultimate insider Disney experience.

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Investors Re-elect Disney Board, Reject Say On Pay

LOS ANGELES, March 10 (Reuters) – Shareholders at Walt Disney Co’s (DIS.N) annual meeting on Tuesday re-elected the company’s 12 directors but defeated proposals that would have given investors an advisory say on executive compensation.

Disney investors also voted down a proposal that would have barred the entertainment company from providing death benefits to the families of executives who die on the job.

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