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The Mouse House earned 41 cents a share in its first quarter, down from 63 cents a year earlier. The consensus estimate by analysts was 51 cents. Big revenue declines at the movie studio, TV networks and theme parks. Disney shares are being walloped in after-hours trading. Here's the press release.

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2:25 PM Fri | Martin Gomez, the head librarian for Los Angeles since 2009, will become vice dean in the USC Libraries on April 2.