Disney announced their 3rd quarter earnings report last night (you can listen to it here) and seemed generally optimistic about the future. The New York Times isn’t so sure. But CNNMoney Magazine thinks that Eisner has managed to steady his rocking ship and is poised for some growth. Of course, SaveDisney.com’s Roy E. Disney and Stanley Gold (former Disney Board Members) still don’t trust the current management at the Mousehouse.
Current Managment certainly does appear to be good at extracting profit from the Company. This report looks good for current management’s battle against being ousted. But it’s going to take more than good numbers to make the anti-eisner crowd to quiet down. What theyr’e really looking for is good stewardship of the Disney name, something that is not easily tracked through quarterly earnings. Indeed the jury is still out on this one.
No one is going to have any faith in the Disney company until Eisner is out. He’s chasing away the talent and the dream with his mismanagement. Profit statements mean very little until there are serious structure changes.