Disney Q1 Profits Boost

08 February 2006

LOS ANGELES - The Mouse House has reported a 7% rise in first-quarter profit to $734 million (€612.4m: £419.7m), bolstered by the new Hong Kong Disneyland theme park and the 50th anniversary promotion of the original Disneyland. Revenue rose to $8.85 billion from $8.66bn a year earlier.
   The Walt Disney Company has also finally inked a $2.7bn deal to sell off its 73 ABC Radio stations to Citadel Broadcasting, currently the fifth largest radio company in the US.