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Slowdown Begins to Show at Stalwart Disney By BROOKS BARNES Published: November 6, 2008 LOS ANGELES — Dark days have finally come to the Magic Kingdom. Even as the weakening economy was hammering rival media conglomerates over the last year, the Walt Disney Company reported surprisingly robust results across its theme parks, consumer products and television networks. Disney shares have fallen about 33 percent since May — a sharp drop, but one that looks almost respectable considering that shares in companies like CBS have plummeted more like 70 percent. But Disney on Thursday reported a 13 percent decline in quarterly earnings on weakness in nearly every part of its empire. Movie earnings in the company’s fiscal fourth quarter, ended Sept. 27, plunged 42 percent because movies like “Swing Vote” and “Miracle at St. Anna” were virtually ignored at the box office. Advertising declines hurt two Disney properties, ABC and ESPN, leading to a 4 percent drop in income at the media networks uni
