DIS Summary: Feeling the Pinch By Gary Dvorchak About this article: Disney finally hit the "Wall-E" that all exporters are smacking up against as the dollar continues its climb and the domestic economy continues its descent. The Mouse reported EPS of 43 cents, missing the street by 6 cents, on a 5.8% increase in revenue to $9.45 billion that did modestly beat the consensus. Management led off by outlining the impact of the economy on Disney's business. The total destruction of the auto industry is starting to flow through the media results, since automakers are (were?) big advertisers, while the amusement parks held up until quarter end (but not much after that). Retail "could" be affected during the holidays, but "certainly" will be in 2009. Disney is not immune from economic impact, but as franchises go, its one of the better ones in which to take shelter during the storm. By segment: Media networks sales were up 4% to... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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