Bloomberg News

Disney to Disclose Political Donations, Joining Media Firms

October 21, 2011

Oct. 21 (Bloomberg) -- Walt Disney Co., the world’s largest theme park operator and owner of the ESPN cable channel, will begin disclosing political contributions on its website, joining media companies Time Warner Inc. and News Corp.

Starting early next year, the company will post the same information on its website that it is required to report to the U.S. Federal Election Commission and state and local agencies, Burbank, California-based Disney said today in a statement.

The reported information includes contributions to candidates, parties and organizations that are created to support issues or ballot initiatives, the company said on its website. The company gave $3.6 million to elections in 2010, directly and through its political action committee.

Time Warner and News Corp., both based in New York, said this year that they would post political contributions on their websites.

Disney gained 3.9 percent to $35.16 at the close in New York and has declined 6.3 percent this year.

--Editors: Anthony Palazzo, Rob Golum

To contact the reporter on this story: Ronald Grover in Los Angeles at rgrover5@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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