THE ASSOCIATED PRESS
LOS ANGELES -- Chairman Michael Eisner is expressing disappointment with the poor performance of the Walt Disney Co. stock and acknowledging that the company's ABC TV network needs new programming to boost prime-time ratings.
But Eisner believes restructuring moves -- including laying off 4,000 people, curtailing hours at theme parks, closing unprofitable retail stores and investing in new cable television channels -- will help Disney grow once the economy recovers.
Disney has five stores in Clark County but it's unclear if any will close. A Disney spokeswoman said the closing of any retail outlet will be based on its performance at the time time of its lease renewal.
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