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Michael Eisner Names Successor

Disney chairman Michael Eisner outlined his strategy to revitalize his company in the December 9 issue of FORBES Magazine. Among other juicy tidbits, Eisner reveals that he has written a letter to the Disney board recommending a successor and implies that his choice is current president and COO Bob Iger. Eisner also details his revitalization plan for Disney, which may include selling The Mighty Ducks hockey team, 64 company-owned radio stations and other ancillary businesses with an aim to substantially reduce Disney's $13 billion debt over the next 18 months. The full article can be read online at www.forbes.com.

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