Earnings Call Excerpt
Disney (DIS)
Q1 2006 Earnings Conference Call
February 6th 2006, 4:30 PM.
Executives:
Wendy Webb, Vice President of Investor Relations and Shareholder Services
Bob Iger, Chief Executive Officer, President
Tom Staggs, Senior Executive Vice President, Chief Financial Officer
Analysts:
William Drewry, Credit Suisse
Lowell Singer, SG Cowen
Doug Mitchelson, Deutsche Bank Securities
Anthony Noto, Goldman Sachs
Aryeh Bourkoff, UBS
Jessica Reif Cohen, Merrill Lynch
Kathy Styponias, Prudential
Michael Nathanson, Sanford Bernstein
Douglas Shapiro, Banc of America Securities
David Miller, Sanders Morris Harris Group
Spencer Wang, JP Morgan
Presentation
Operator
Good day, ladies and gentlemen, thank you for standing by, and welcome to the Walt Disney First Quarter 2006 Earnings Conference Call. My name is Carlo, and I will be your coordinator for today's presentation. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of today's prepared remarks. At that time, if you would like to ask a question, you may do so by pressing '*' '1' on your telephone. If at anytime during the call, you require audio assistance, feel free to press *' '0' and a conference coordinator will be happy to assist you.
I would now like to turn the presentation over to your host for today's conference, Wendy Webb, Senior Vice President, Investor Relations and Shareholder Services. Please proceed, ma'am.
Wendy Webb, Vice President of Investor Relations and Shareholder Services
Good afternoon, and thanks for joining us. Hopefully by now all of you have seen two press releases from us, one regarding Disney's fiscal first quarter results and the other regarding the ABC Radio transaction. On this call with us today are Bob Iger, President and Chief Executive Officer; and Tom Staggs, Senior Executive Vice President and Chief Financial Officer. Bob will lead off followed by Tom, then we will open up the call to you for Q&A. We'll try our best to conclude the call before 5:30 pm Eastern Time so let's get started. Bob?
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