Disney Chief: Strike Could Cause "Indelible Damage"
A day after News Corp. President and COO Peter Chernin said that the writers' strike could actually benefit his company since it has a number of non-scripted and animated shows in the works -- including American Idol and The Simpsons -- Disney CEO Robert Iger said just the opposite -- that ABC could start feeling "indelible damage" from the strike beginning next month. "We're fine through the November sweeps," Iger added. "We are definitely going to have to implement contingency plans if the strike persists." Meanwhile Disney reported a strong fourth quarter in which profits rose by 12 percent. Much of it was attributed to the strong performance of ESPN, which now strongly rivals the broadcast networks on Monday night with its telecasts of Monday Night Football, and the Disney Channel, which set record ratings in the quarter with High School Musical and Hanna Montana. On the other hand, Disney's film business dropped 21 percent versus last year when a Pirates of the Caribbean sequel was dominating the box office.