Until recent years I had no idea of Walt Disney’s connection to the foundation. I should have guessed it though. Toys for Tots has been around since 1947 and has served tens of thousands of children in need over the last 64 years.

Ben Sherwood will succeed David Weston as president of ABC News, Disney announced on Friday.

In an emailed statement, the global media company said that Sherwood, 46, will head up editorial, programming, and digital operations for the news division – a natural fit for Sherwood, whose background brings a lot of diversity to

Is Disney doing better – or worse – financially speaking? Well, it all depends on how you look at it…and who you ask.

The company announced yesterday that fourth quarter net income was down seven percent, but is quick to offer many explanations and adjustments that would make that figure smaller.

Reports from Hollywood are that Disney has sold it’s art house studio Miramax to a consortium of investors for $675 million. TheWrap.com had the scoop, although Disney refuses to confirm the report.

Walt Disney (DIS) has granted former Miramax owners Harvey and Bob Weinstein an exclusive negotiating window to repurchase the film company, according to a report in the New York Times' Media Decoder blog that cited people familiar with the matter.