Michael Eisner's fate will be determined in Philly tomorrow:
One day before he faces angry shareholders, Walt Disney Co. Chairman Michael Eisner's woes deepened on Tuesday as Disney's struggling ABC television network said it sees key audience ratings falling 8 percent in February.
ABC's viewership among adults 18 to 49 years old will be off during the key "sweeps" month in which ratings are used to set local advertising rates, network executives told reporters in a teleconference on Tuesday.
Disney holds its annual meeting in Philadelphia on Wednesday, and Eisner is under fire from some shareholders who claim he has mismanaged the company in recent years. One concern they cite is the sluggish viewership levels at ABC.
Disney, too, is fending off a hostile takeover from cable television operator Comcast Corp., whose executives have said they can do a better job running ABC.
I don't think he survives this meeting. Losing Pixar was just plain stupid.
Tuesday, March 02, 2004
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Posted by Scott at 7:46 PM
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