BURBANK, Calif. -- The Walt Disney Company reported revenues for
its parks and resorts division fell 17% to $1.4 billion and
operating income sunk 51% to $187 million during the fourth quarter
The company said results reflect lower attendance, spending and
hotel occupancy at the Walt Disney World Resort in Orlando due to
cancellations, deferrals and reduced spending after Sept. 11.
Also reflected in the results are higher costs at Disneyland due
to the addition of California Adventure and other resort expansion