Follow LA Observed on Twitter here
Comcast went around Disney chairman Michael Eisner today with a public bid to buy the company for $54 billion. Breaking web-only stories are up at the LAT, NYT, Variety, and Financial Times. CNN also posts the letter to Eisner explaining Comcast's move. I Want Media compiles links to more analysis.
Let's hope this won't spoil what could be the most interesting moment in the upcoming Oscars show. The new issue of VLife, Variety's bimonthly glossy with Naomi Watts on the cover, says to expect on-air fireworks if Disney's Destino wins in the animated short category. Accepting would be dissident ex-board member Roy Disney. A publicist advises to "be ready to take notes."
Update: Business Week's L.A. bureau chief Ron Grover on Roy Disney's anti-Eisner campaign.