ABC Season Off To Good Start For Disney
Goldman Sachs had a note out on Monday indicating that the fall season at the Walt Disney (DIS) owned ABC Network is off to a good start. Ratings for key returning shows including Desperate Housewives, Lost, and Grey’s Anatomy were all up over last year’s season opening shows with Lost actually setting an all-time high rating….
…A turnaround at ABC is one of the key catalysts for DIS shares so this is good news. According to reports from the upfront last spring, ABC held back inventory in its returning hit shows so strong ratings should allow for premium pricing on this inventory relative to the subdued upfront pricing. However, one week certainly does not make a season and ABC can