Disney executives attributed the gains to improving performance in its consumer products division, media networks and theme parks.
The announcement, revealed to the company in an all-hands meeting as well as an internal memo earlier today (first published by AllThingsD), was not released in a public statement, but TechCrunch understands that Scott Thompson, Yahoo's new CEO, has put three different functions within the consumer division: media, "connections" (interactive and social businesses) and commerce.
Future said it was splitting its operation into two separately managed divisions: media and magazine.
Disney, which generates some $40 billion in annual revenue, is grappling with global economic uncertainty and its impact on its three largest divisions: media, its movie studio and theme park resorts.
MacGillivray Freeman Films, Los Angeles, which specializes in movies for Imax theaters, started a division, MacGillivray Media, that will create content for realms that include, in addition to Imax theaters, television, mobile media and theatrical films.
The company had a major division, BooseyMedia, that commissioned and produced music for radio, television and advertising jingles, and the administration of copyrights owned by media companies.
Mr Milligan, who was managing director of Sky's advertising sales division, Sky Media, was on holiday with his family when the incident happened.
Indeed, we've heard that CBS may cut its news division, and media consolidation is leading to one-size-fits-all journalism.
News divisions of media companies, once treated by management as insulated from market pressures, began considering additional sources of revenue.
It's not uncommon for divisions of media conglomerates to work against one another — except at Disney, which aggressively extols its companywide synergy to investors.
Today, Bartlett, who is thirty-two, oversees five divisions: press, media affairs (for the out-of-town press), global communications (for the international press), speechwriting, and communications.
