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Comment (* Beijing approval represents milestone for Disney
* Park cost esimated at $3.6 bln - media reports (Adds details)
By Alfred Cang and Sue Zeidler
SHANGHAI/LOS ANGELES, Nov 4 (Reuters) - The Walt Disney Co(DIS.N) has received Beijing's nod to build a theme park inShanghai, in a major advance for the media and entertainmentcompany in the tough China market ahead of President Obama'sfirst China visit.
The announcement caps years of on-again-off-again talksbetween Disney and Shanghai, reflecting the tough road thatWestern media firms have faced in China in general.
"China is one of the most dynamic, exciting and importantcountries in the world, and this approval marks a verysignificant milestone for The Walt Disney Company in mainlandChina," Disney CEO Robert Iger said in a statement.
Lack of central government approval was seen as a majorstumbling block for much of the last decade...
