World reacts to Cedar Fair acquisition of Paramount Parks

Posted Tuesday, May 23, 2006 9:14 AM | Contributed by Jeff

Following yesterday's announcement that Cedar Fair will acquire Paramount Parks from CBS Corp. for $1.24 billion, the industry, press and local customers react to the sale.

Paramount's Kings Island:
Cincinnati Enquirer
Cincinnati Enquirer

Paramount's Kings Dominion:
Times Dispatch

Paramount's Great America:
Mercury News

Paramount's Carowinds:
Charlotte Observer

Paramount Canada's Wonderland:
Toronto Star

Tuesday, May 23, 2006 10:17 AM
"World reacts"? Seems like somebody is over reacting to me. I'm sure the vast majority of the world doesn't care.
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Tuesday, May 23, 2006 10:20 AM
^point made.
My nextdoor neighbor was like: What's a Cedar Fair? a new grocery store?
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Tuesday, May 23, 2006 10:22 AM
From the Enquirer:

"Between Cedar Point and Kings Island, they have approximately 45 major roller coasters," Speigel said.

Hmm...Cedar Point has 16 roller coasters...last time I checked, Kings Island didn't have 29.

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Tuesday, May 23, 2006 10:49 AM

"Between Cedar Point and Kings Island, they have approximately 45 major roller coasters," Speigel said.

Even if Geauga Lake is factored in, it only brings the grand total to 39.

And. About whether or not the whole 'world' is reacting. Indeed..... only a small, secluded, and I hasten to say, dorky 'world' is reacting to the news.

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Tuesday, May 23, 2006 10:59 AM
Jeff's avatar Now you're going to pick at headlines? Time to diversify your hobbies.
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Tuesday, May 23, 2006 11:21 AM
I spent an hour yesterday watching the 4 pm newscast on NBC channel 4 waiting for a report that they specifically said would air in regards to the CF aqqusition & they never broadcast it! Instead we got treated to a local politician running his mouth about some scandal he was involved in for a good 20 minutes or so which probably explains why the report never aired.
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Tuesday, May 23, 2006 11:31 AM
Why do so many of these articles site people assuming that CF is going to plop down huge coasters willy nilly like the old Six Flags?
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Tuesday, May 23, 2006 11:52 AM
^Agreed. I hope they don't. But it would be nice to have a Hyper at GL.
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Tuesday, May 23, 2006 12:02 PM
The investors I heard on the 11:00 conference call weren't "dorky". The Sun-Sentinel, here in Florida, had a pretty lenghthy article about the sale (more from the CBS point of view...but still).

I'd say the world is reacting to the news. Or, at the very least, the amusement business and Wall Street are reacting.

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Tuesday, May 23, 2006 12:23 PM
Sarchasm on:

"I really hope CF doesn't start plopping down coasters everywhere like Six Flags did. But I'll take a floorless and a hyper at MY homepark".

Sarchasm off. ;)

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Tuesday, May 23, 2006 12:59 PM
So now Six Flags and Cedar Fair are the last two regional amusement park companies left? I dont know, I definately felt that the Paramount parks had an atmosphere that was so unique from the other two chains. I am really hoping that doesnt change too much, as I have always felt that PKI was the best park in Ohio, by a long shot. Hopefully there wont be that many changes to the park, just wishful thinking I suppose.
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Tuesday, May 23, 2006 1:05 PM
beast7369's avatar There is still HFEC which owns Silver Dollar City, Celebration City, and a few others. They also co-own Dollywood. They also run Dolly's Dixie Stampede shows all over the country whereever they happen to be. They also run Stone Mountain in Georgia.

There is also Kennywood Entertainment which runs or owns Kennywood, Lake Compounce, and Idlewild.

There are some other smaller chains I am sure that I am missing.

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Tuesday, May 23, 2006 1:06 PM
Well its actually news in India and France probably more just didnt check.

India
http://www.televisionpoint.com/news2006/newsfullstory.php?id=1148372759

France
http://www.iht.com/articles/2006/05/22/bloomberg/bxcedar.php

How about this one from North Korea of all places

http://story.northkoreatimes.com/p.x/ct/9/cid/3a8a80d6f705f8cc/id/e50b2502ddbc3f1c/

Here is one from Malaysia

http://story.malaysiasun.com/p.x/ct/9/cid/3a8a80d6f705f8cc/id/e50b2502ddbc3f1c/

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Tuesday, May 23, 2006 1:21 PM
It was a long weekend in Canada and the news broke when most Canadians were at their local theme parks or drinking beer in their back yards. "World Reacts" seems appropriate.

Thanks for the good news Jeff, you just made my week!
*** This post was edited by greatwhitenorth 5/23/2006 1:22:10 PM ***

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Tuesday, May 23, 2006 3:49 PM
...and there was much rejoicing!-John Cleese, England
*** This post was edited by FLYINGSCOOTER 5/23/2006 3:50:16 PM ***
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Tuesday, May 23, 2006 4:20 PM
So is cedar fair going to switch to spongebob, scooby doo, etc.
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Tuesday, May 23, 2006 5:22 PM
No one can see into the future, man. ;)
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Tuesday, May 23, 2006 7:18 PM

Now you're going to pick at headlines? Time to diversify your hobbies.

Yeah. As opposed to you making the title misleading just to make it appear as if actually many people care about the acquisition. His knock was good. Yours was a cheap shot out of being called out on. :)

We all know the chain of parks were acquired. Why you decided to collect some regional paper articles as a headline story is beyond me.

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Tuesday, May 23, 2006 7:27 PM
Looks like Cedar Fair favors Snoopy over Nickelodeon. because in some of the articles it says they are hoping to integrate Snoopy into some of the newly aquired parks. I thought it would be the opposite.
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