RSS Feed

Tag Archives: The Walt Disney Company

February 9

February 9, 1996 – Thomas Murphy Joins Disney Board of Directors

On February 9, 1996, Thomas Murphy joined the Disney Board of Directors. Murphy helped to build the company Capital Cities, working his way up the ladder until he was named chair and CEO in 1966. In 1985, Capital Cities merged with one of the network leaders, ABC; at the time, this was the largest merger of media companies, which was outdone ten years later when the company then merged with the Walt Disney Company. After this merger, Murphy was not only added as a member of the Board of Directors, but would also join the Executive Committee the following year.

Advertisements

February 4

February 4, 1958 – The Wall Street Journal Publishes Article “Disney’s Land: Dream, Diversify – and Never Miss an Angle”

“Integration is the key word around here: we don’t do anything in one line without giving a thought to its likely profitability in our other lines.”

On February 4, 1958, an article entitled “Disney’s Land: Dream, Diversify, and Never Miss an Angle” appeared in the Wall Street Journal. Written by Mitchell Gordon, the article looks at the integration of business lines within the Disney Company, using the recent release of Sleeping Beauty as an example; the film’s release also spawned success in book, tv, record, and park profits. The article also takes a look at the intricacies of the company’s employees as more than just “movie moguls,” but innovators of various fields. The article was also sent to the company’s shareholders, as it was seen as an accurate description of how the company worked across business lines.

December 2

December 2, 1988 – Disney Acquires KHJ Television Station

On December 2, 1988, The Walt Disney Company finished their acquisition of the Los Angeles-based television station KHJ. The station, originally owned by RKO, had been made available due to corporate issues; Disney had to purchase the license from Fidelity Television, while purchasing the intellectual property from RKO. Once Disney purchased the station, the call letters were changed to KCAL, and was eventually changed to K-CAL 9 in the mid-90s. The station ran Disney’s syndicated animated series, such as the lineup of the Disney Afternoon, as well as investing in other family-oriented series. Disney would eventually sell K-CAL 9 to CBS on February 14, 2002.

August 31

August 31, 2005 – The Walt Disney Company Pledges $2.5 Million for Hurricane Katrina Relief

“We hope that our donation will aid emergency management teams and organizations in their efforts to provide assistance to those impacted.” – Then-CEO of the Walt Disney Company Michael Eisner

On August 31, 2005, the Walt Disney Company sent out a press release announcing that it had pledged a $2.5 million contribution to the rebuilding efforts for victims of Hurricane Katrina. A million of the money pledged would go to the American Red Cross for immediate relief, another million would be sent to selected children’s charities, and $500,000 would go to volunteer centers that provided services to the communities most affected by the hurricane.

May 1

Posted on

May 1, 2007 – Susan E. Arnold Joins Disney Board of Directors

“Her distinguished ability and track-record in strategy development, innovation and brand building will be great assets to the Disney board.” – Disney Chairman John E. Pepper

On May 1, 2007, the Walt Disney Company announced that Susan E. Arnold had been elected to the company’s board of directors. In 2004, Arnold was the first woman to be named a vice chairman at Procter & Gamble, and went on to lead P&G Beauty and Health. She then held the office of President – Global Business Units of P&G, which she left in 2009. Arnold has also held the position of the director of the McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. since 2013, along with being an operating executive of The Carlyle Group.

April 25

April 25, 1988 – Michael Eisner and Mickey Mouse Appear on the Cover of Time Magazine

“Why is this mouse smiling?”

On April 25, 1988, the cover of Time magazine featured Mickey Mouse and then-CEO Michael Eisner, along with the cover story about how Eisner had taken the company and turned it into a $3 billion dollar empire.  Eisner, who had been CEO since 1984, grew Disney holdings significantly, including expansions of Walt Disney World and Disneyland.

April 2

April 2, 1940 – The First Sales of Disney Common Stock are Offered

On April 2, 1940, the first common stocks of Walt Disney Productions were offered to the public. The offerings were released with 6% cumulative convertible preferred shares; common stock offerings were about $5 a share (almost $89 when adjusted for inflation). The sales of stocks went on to raise $3.5 million for the company. On November 12, 1957, the company would be listed on the New York Stock Exchange.