Millionaire Buys Disney Time

While Regis reigns, Eisner scrambles to fix the Mouse House

It has been a while since Michael D. Eisner has been able to crack jokes with Wall Street. But in early May, the Walt Disney Co. chairman and chief executive felt confident enough to jest during a conference call announcing better-than-expected earnings. "If I had told you a year ago that a single quiz show would revitalize the ABC network," Eisner, 58, told analysts, "you would have thought I was sprinkling a little too much pixie dust around."

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