Media companies sell theme parks
Posted February 7, 2006, 9:06A |
Contributed by coasterguts
CBS's decision last month to sell Paramount Parks is the latest example of how media-entertainment conglomerates are recognizing the limits of what synergy can deliver. But go to Orlando or Anaheim, Calif., where Disney announced yesterday that first-quarter profit at its parks rose 51 percent vs. the comparable period a year earlier. Regional theme parks, however, are not considered the essential media-empire building block they were during the '90s.
Read more from The Washington Post.
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