The focus of growth will be the international arena, the company said, particularly in the movie division.

Results in the movie division fell by 14.2 percent, to $120 million from $140 million.

Disney's corporate performance, particularly in its movie division, has improved lately.

Columbia's management, in contrast, is relatively new, and the movie division, at least, has a poor track record.

Columbia produces several successful television series but its movie division has lagged.

But in the quarter ended Sept. 30, the movie division was unable to reproduce last year's record run at the box office.

Thus, because the movie division did not want to compete with a television series, the planned show was shelved.

The Universal management acknowledges that the heart of the problem is the movie division.

So for Fox, the movie division is a luxury that we can't afford in the current economic environment.

All this just puts more pressure on the movie division.