Disney pinkslips on the table, CFO says

December 09, 2008 Other sector biggies have already announced job cuts, and Disney is taking "a hard look" at costs across its divisions amid a potentially long recession, CFO Tom Staggs said here Tuesday, without providing any figures. Speaking at the 36th annual UBS Global Media and Communications Conference, Staggs also predicted that the DVD market will take a hit in the current downturn, and echoed NBC Universal CEO Jeff Zucker in saying the broadcast network business in its current form must change. In his conference appearance, Staggs declined to give a target figure for likely job cuts or savings at Disney, but said such moves are in the works.

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