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Disney Parks Revenue, Profit Down In 3Q

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...Segment profit at the theme parks and resorts in the fourth quarter fell 17% to $344 million, as revenue fell 4% to $2.84 billion. The unit was hampered by less guest spending -- as average ticket prices and daily hotel room rates were lower -- and an increase in costs related to an extra week of operations in the latest fourth quarter and higher labor expenses.

http://www.marketwatch.com/story/disney-pr...ines-2009-11-12

...Disney also has been shuffling executives, last month naming its cable-TV chief as the new chairman of its film studio and earlier Thursday saying its chief financial officer and chairman of its theme-parks division would trade posts....

http://online.wsj.com/article/BT-CO-20091112-717719.html

This is absolutely not a surprise. With the parks extending free dining it only makes since that revenue would fall during this peroid.

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