Disney earnings decline
The Walt Disney Co. has reported its earnings for the third quarter, andthe nine months ended June 30, 1999. Net income for the fiscal thirdquarter ended in June fell to $367 million from last year's $415 million.The figure includes a pretax loss of $87 million from the November purchaseof a 43% interest in Internet search engine Infoseek Corp. Net income forthe nine month period ended June 30, 1999 fell to $1.215 billion from lastyear's $1.554 billion. "While we are not satisfied with our current