Walt Disney Co. is considering a process to extract cash from its $3 billion radio station-network group, then structure a tax-free spinoff for shareholders, according to a media report Tuesday. The
move could come soon after Robert Iger replaces the outgoing Michael Eisner at Disney, The Wall Street Journal reported in its online edition citing unnamed people briefed on the company's plans.
Disney declined to comment, The Journal said.
Read the whole story at MarketWatch, July 12, 2005 »