As television executives prepare lavish stage presentations in New York this week to dazzle advertisers during the annual TV upfront sales season, a harsh economic reality looms offstage -- digital video advertising now eclipses spending on traditional television ads. The shift in spending and competition from tech players like Amazon has taken a toll on media companies' financial results, raising the stakes for the annual showcase of TV content to attract spending commitments from advertisers.
It's not cheap to go to Disney World, but has that always been the case? See what ticket prices were like back in the early days.
James Gorman, Morgan Stanley’s former CEO, just bought a big chunk of Disney stock. On Wednesday, the day after Disney’s stock slumped, Gorman paid $2.1 million for 20,000 shares, an average price of $106.03 each. He now owns 20,467 Disney shares, according to a form Gorman filed with the Securities and Exchange Commission.