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August 11, 2006
Disney 3Q Profit Rises on Studio, Theme Park Growth
Strong DVD sales of "Chronicles of Narnia" and continued growth at its domestic theme parks drove higher third-quarter revenue and profits higher at The Walt Disney Co. Shares of Disney rose 97 cents, or 3.4 percent, to $29.95 in early trading on the New York Stock Exchange. The Burbank, Calif.-based media conglomerate reported gains in all four divisions, including its movie studio, which had been lagging of late and last month laid off 650 people in a worldwide restructuring.
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