Walt Disney & Co. (DIS) Chief Financial Officer Tom Skaggs raised concerns on Wednesday about weakness in attendance at the company's domestic parks and resorts amid a slowdown in the U.S. economy.

In a conference call with analysts following the entertainment company's third-quarter earnings release, Skaggs noted that its domestic theme parks were flat in the current quarter.

Investors are concerned about Disney's parks business, which makes up 29% of its total revenue and 20% of its operating income. The business continued to defy skeptics, posting a 3% gain in profits in the third quarter and a 5% increase in revenue, though there was a drop in attendance at the domestic parks that management attributed to a shift in the timing of the Easter holiday to the second quarter of 2008 from the third quarter of 2007.

-By Nat Worden, Dow Jones Newswires; 201-938-5216; nat.worden@dowjones.com

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  07-30-08 1745ET
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