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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| October 01, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MARKETS

Citigroup was top Q3 underwriter

The bank handled $115.6 bil in stock and bond underwriting to take a 9.9% share of the $1.17 tril market, says Thompson Financial. No. 2 Morgan Stanley got the most fees, $339.4 mil. Merrill Lynch ranked third in transaction volume. Total underwriting volume rose 29%. Year-to-date stock and bond issuance has risen 21%, but fees have fallen 12%.

MEDIA

Disney sees good '04 net growth

The media and entertainment giant said its radio and TV networks are getting a boost from a steady advertising market. As a result, Walt Disney sees strong earnings growth in '04. The fall TV season's first week has turned out well for its ABC network, COO Bob Iger said, and ad rates are up from advance sales made at the start of the summer.

** Cox Communications will make high-definition TV channels available in 85% of its market by year-end, the cable operator said.

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