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DIS » Topics » Gains on sales of equity investments and business

This excerpt taken from the DIS 8-K filed Feb 7, 2007.

Gains on sales of equity investments and business

On November 21, 2006, in connection with the execution of new long-term agreements for the provision of programming to cable service provider Comcast Corporation (Comcast), the Company sold its 39.5% interest in E! Entertainment Television to Comcast (which owned the remainder of the interest in E!) for $1.2 billion, which resulted in a pre-tax gain of $780 million ($487 million after-tax).

On October 2, 2006, the Company sold its 50% stake in Us Weekly for $300 million, which resulted in a gain of $272 million ($170 million after-tax).

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