Financial Times FT.com

Disney upbeat over advertising

By Matthew Garrahan in Los Angeles

Published: November 13 2009 00:22 | Last updated: November 13 2009 00:22

Walt Disney gave the struggling media sector grounds for optimism on Thursday when it sounded an upbeat note about the prospects for television advertising over the next six months.

Like other TV networks, Disney’s ABC has suffered as advertisers have cut their spending in line with the recession. However, as Disney reported fourth-quarter results that beat analyst expectations, the company said it had noticed “encouraging” signs for first and second-quarter advertising sales.

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