Walt Disney president Robert Iger is to succeed controversial Michael Eisner as chief executive, the entertainment conglomerate announced last night.

WALT DISNEY is expected to name its president Robert Iger as the successor to Michael Eisner, the entertainment company’s long-tenured chief executive.

Walt Disney chief executive Michael Eisner is to quit the entertainment giant after a turbulent two decade relationship.

ENTERTAINMENT giant Walt Disney had a strong performance from its theme parks and cable TV channels to thank for a 20% surge in profits in the three months to June.

Miramax studio chief Harvey Weinstein, the hard-headed genius who has backed some of Hollywood’s biggest box office hits in recent years, looks like he is about to walk out on the company he founded because of a row with Disney boss Michael Eisner.

Disney has banned its film company subsidiary from distributing controversial director Michael Moore’s Fahrenheit 9/11, which criticises President George Bush’s handling of the September 11 terrorist attacks and connects the Bush family with Osama bin Laden’s.

Walt Disney Co directors’ decision to strip chief executive Michael Eisner of his chairman role stops short of what some investors said is needed to boost the company’s shares, which have fallen 25% in five years.

FORMER US senator George Mitchell, who helped broker peace in the North, has been chosen to oversee the strife-torn Walt Disney Co as its chairman.

The Walt Disney board voted to strip Michael Eisner of his chairman’s post while retaining him as CEO, only hours after shareholders delivered a stinging rebuke by withholding 43% of their votes for his re-election to the board.

A bullish economic assessment from the Federal Reserve gave most stocks a modest lift today, but the buying lacked conviction as Wall Street looked ahead to a key jobs report due later in the week.

The US press has reported that the board of directors at Walt Disney Co. is considering a plan to separate the post of chief executive officer from that of chairman.

The Walt Disney Company chief executive Michael Eisner has been compared to the hunter who bagged Bambi’s mother, but he is also responsible for the firm earning $1bn in the first three months of its financial year. Kyran Fitzgerald reports.

WALT DISNEY chief executive Michael Eisner spent six weeks seeking support from the largest fund manager adviser in the US to stave off an attempt to oust him from the board.

Comcast Corporation astounded the financial world with its offer to buy The Walt Disney Company, yet the cable television giant now faces a daunting task in selling the blockbuster combination – and investors have already indicated the proposed price is too low.

THERE may be a palace coup afoot in the Magic Kingdom.

Walt Disney has reported a larger fourth-quarter profit on the strength of hit films such as Signs and Lilo and Stitch.

Disney has suffered an 82% fall in quarterly earnings.

Disney has suffered an 82% fall in quarterly earnings.

A Walt Disney spokesman has played down speculation that the company might be interested in buying Yahoo!