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Six Flags

December 21, 1991
So, you're bored with "Slowtime," Mr. Barnett (Viewpoint, Dec. 14)? So you would rather see the Lakers fast break and lose instead of seeing them play some defense and win? You say you have been rooting against the Lakers because they are boring and have gotten away from an entertainment tradition? Let me tell you something. The Lakers have a tradition, all right. It's a tradition of winning, and if you don't realize that, then take a look at those six flags on the wall of the Forum.
November 10, 2007 | From Times Wire Services
Six Flags Inc., the second-largest U.S. theme-park operator, reported third-quarter profit and sales below analysts' estimates. Six Flags fell 44 cents, or 16%, to $2.25. Third-quarter profit dropped 46% as attendance fell on bad weather in Texas and Georgia in July, Six Flags said. The company was also hurt by bad publicity after a 13-year-old girl's feet were severed on a ride at its Kentucky park in June. Net income decreased to $89.7 million, or 61 cents a share, from $164.7 million, or $1.
January 12, 2007 | Alana Semuels, Times Staff Writer
Magic Mountain's corporate roller-coaster ride is over for now: The Valencia theme park is no longer for sale. Park owner Six Flags Inc. announced Thursday that it had sold seven of its 30 theme parks and water parks -- but not Magic Mountain, which local authorities feared would be sold as real estate. "It became abundantly clear to us that this is going to be a great season," Six Flags spokeswoman Wendy Goldberg said. "This is not the time to sell Magic Mountain."
March 12, 2009 | Nathan Olivarez-Giles
Six Flags Inc., which owns Magic Mountain in Valencia and 19 other theme parks, said Wednesday that it might need to file for Bankruptcy Court protection if the company can't restructure its debt by mid-August. An overhaul of Six Flags' debt is highly uncertain, the New York-based company said in a regulatory filing, causing auditor KPMG to have significant doubt about the theme park company's ability to continue as a going concern. At the center of its financial worries is an Aug.
October 19, 2010 | By Brady MacDonald, Los Angeles Times Staff Writer
The Superman coaster at Six Flags Magic Mountain will get a makeover in spring 2011 that will send riders rocketing 100 mph straight up into the air -- backwards. Superman: Escape from Krypton will add new coaster trains that run backward instead of forward, as they have since the $20-million magnetic launch shuttle coaster opened in 1997 at the Valencia amusement park. After the ride operates for a few months, one of the cars on the twin tracks will be turned around to run forward, allowing riders to choose between both options, amusement park officials said.
November 9, 2005 | From Reuters
Washington Redskins owner Daniel Snyder's Red Zone investment management company urged Six Flags Inc. shareholders to back its plan to replace the Six Flags chief executive and some board members. The public battle between Snyder and Six Flags CEO Kieran Burke has been growing since August, when Red Zone announced plans to oppose three incumbents on the board. Snyder also said he intended to raise his stake in Six Flags to 34.9% from 11.7%. A week later, Six Flags said it was up for sale.
December 2, 2005 | From Bloomberg News
Six Flags Inc., the world's second-largest theme-park operator, said Washington Redskins owner Daniel Snyder was elected nonexecutive chairman. The company also said it was continuing its previously announced sale process and expected final bids to be received by the middle of the month, Oklahoma City-based Six Flags said.
May 15, 2002 | Bloomberg News
Six Flags Inc., owner of 38 amusement parks in North America and Europe, said its fiscal first-quarter loss narrowed as costs rose less than sales and the company's properties had more visitors. The loss narrowed to $113.7million, or $1.23 a share, from $140.6million, or $1.76, a year ago, Six Flags said. Sales rose 40% to $49.3million. Six Flags shares rose 64 cents to $17.57 on the NYSE.
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