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TV was looking better in the fourth quarter, helping the Mouse House report an 18 percent increase in fourth quarter earnings. The movie side, however, lost $13 million due to write-downs ("Disney's A Christmas Carol" cost at least $175 million to make but debuted with just $31 million in ticket sales). The studio is in the midst of a major overhaul following the ouster of Dick Cook and the appointment of Rich Ross. As for TV, the company took advantage of higher cable fees to offset a drop in ad sales. (Bloomberg)
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.