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Company Town Annex

March 07, 1994|From Times Staff and Wire Reports

Things Looking Up at Euro Disney: Recent operational changes made at the troubled theme park outside Paris "are going in the right direction," according to an independent audit presented to about 60 creditor banks. The audit, completed by KPMG Peat Marwick, is an apparent endorsement of recent measures to trim costs and boost revenue and could bolster hopes that Euro Disney can be a viable concern once a financial reorganization is in place. Euro Disney lost more than $900 million in fiscal 1993.

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