money digest


Disney dividend

Disney said Wednesday that its board has increased its annual dividend by 4 cents, or 13%, to 35 cents per share. The dividend is payable Jan. 11 to shareholders of record as of Dec. 7.

Hearst deal

Hearst-Argyle Television said Wednesday that it has entered a deal with Google that will make it the first TV station group reselling the online search engine operator's AdWords advertising program. The program targets Internet advertising based on keyword searches.

No sale here

E.W. Scripps said it does not plan to sell its comparison shopping Web site Shopzilla, dismissing a report on a media blog. "Shopzilla is not for sale," a company spokesman said. Media blog Silicon Alley Insider said that Scripps was trying to sell Shopzilla for $500 million-$600 million.

Vid gamers up

Shares of video game publishers moved up Wednesday, a day after Activision significantly raised its profit and sales forecasts, even as a Banc of America analyst said other publishers won't experience as much holiday cheer. Activision said Tuesday that sales of "Guitar Hero III: Legends of Rock" and "Call of Duty 4: Modern Warfare" were brisk Thanksgiving weekend sellers. The company's stock climbed 4.8% to $22.58 on Wednesday after a big move higher the previous day. Also advancing Wednesday were shares of THQ, up 5.4%, Electronic Arts, up 4%, and Take-Two Interactive Software, higher by 4.6%.