• The New York Times, Friday, May 9, 2008 10:45 AM

The Walt Disney Co. signed the president of ABC, Stephen McPherson, to a new contract after months of talks. It is relying on him to generate new hits despite a possible actors strike this summer and other industry woes. Because McPherson has sometimes had a testy relationship with colleagues, his contract renewal had not been a sure thing.

Since McPherson took over, ABC has risen to second place from last among the four major broadcast networks in the valued 18-49 demo group. He was also involved in some of TV's biggest hits recently, including "Grey's Anatomy" and "Dancing with the Stars."

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