May 12, 1999 |
Cedar Fair LP, the Sandusky, Ohio, partnership that bought Knott's Berry Farm in 1997, reported improved first-quarter results Tuesday, saying that better weather and new attractions had boosted attendance at the Buena Park theme park. Besides the year-round Knott's, Cedar Fair owns four amusement parks in the East and Midwest that operate just four months a year and lose money during the off season. For the January-March quarter, Cedar Fair lost $21.
July 22, 2000 |
Cedar Fair LP, the Ohio partnership that owns Knott's Berry Farm, said Friday that its second-quarter and full-year earnings will fall short of analysts' estimates because cool, rainy weather has kept customers away from its other amusement and water parks.
May 6, 2000 |
Cedar Fair LP, the Ohio partnership that owns Knott's Berry Farm, reported larger first-quarter losses Friday, saying Knott's attracted fewer patrons than a year earlier, when its GhostRider wooden roller coaster was brand new. Cedar Fair lost $26.6 million, or 51 cents per limited partner unit, during the latest quarter, compared with a loss of $21.8 million, or 41 cents per unit, a year earlier. Revenue fell 11.6% to $20.5 million.
November 23, 1999 |
The company that owns Knott's Berry Farm said Monday it will repurchase as much as $25 million of its partnership units, whose value has fallen 35% in 18 months, because they are an "attractive investment" at that price. The move by Cedar Fair LP of Sandusky, Ohio, could boost the price of the units by signaling that the company is confident of its prospects and by reducing the number of units in public hands.
June 23, 2000 |
The owner-operator of Knott's Berry Farm and Soak City U.S.A. in Buena Park said Thursday that it is changing its general partner fee and executive compensation plan to reduce cash payments and replace them with company stock and options. Cedar Fair LP, which owns and operates five amusement parks and four water parks nationwide, said it is seeking to eliminate fees paid to general partners retroactive to Jan. 1. The publicly traded partnership will make an $8.
October 22, 1997 |
While it's not as exciting as a ride on a screaming roller coaster, an ongoing theme park industry consolidation and the arrival of new competitors is more than enough to keep park owners jumping. The deal that will blend Knott's Berry Farm into Ohio-based Cedar Fair LP was driven by changing economics that make it more difficult for family-run parks like Knott's to survive in the shadows of cash-rich chains owned by familiar names like Walt Disney Co., Six Flags and Anheuser-Busch.