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Disney to buy $6-8 billion in stocks back in 2014

Walt Disney Co’s chief financial officer Jay Rasulo said Thursday that the entertainment giant plans a huge share buyback in 2014 that could amount to as much as $8 billion. That would double the size of Disney buybacks in recent years, and Rasulo stressed that doing so reflected confidence in…

Disney projects up to $190 million ‘Lone Ranger’ loss

By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co expects to lose between $160 million and $190 million on its expensive summer movie bomb “The Lone Ranger,” the media giant said on Tuesday as it reported a small gain in quarterly profit that beat Wall Street forecasts. The loss…

Campaign launched against Comcast-NBC Universal deal

WASHINGTON — A diverse group called the Coalition for Competition in Media launched a campaign on Thursday opposing the purchase of entertainment titan NBC Universal by cable television giant Comcast. The 21 members of the coalition urged the Federal Communications Commission (FCC) and Justice Department to reject the deal as…

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