News: Disney attendance up, park outlays down

Posted at 8:37 PM EST (0137 GMT)

Feb. 12th, 2004 -- Walt Disney World plans on limiting their park outlays to increase funding to repair their huge debt. The parks attendance has been up, and slowing construction and expansion can bring in more money to help the company get out of debt.

Recently, Disney was offered a huge bid from Comcast Communications America. The company offered a $66 billion bid to take the long term ownership of Disney. Park officials are going to try their hardest to get out of debt and avoid the huge bid from Comcast.

Disney officials can increase funding by nearly $1 billion a year in capital investment. The company needs to take precautions and careful expense procedures to avoid being out-bid by Comcast.

Read the whole story at MSN Money

Special Thanks to Drewbie for finding this story. Story additions were added by TN Editor Kyle L.

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