Six Flags loss widens in what exec calls "transition year"

Posted | Contributed by Jeff

Theme park operator Six Flags Inc. on Thursday reported a wider fourth-quarter loss after writing down the value of seven locations it planned to sell. The loss was $189.7 million, or $2.07 a share, compared with $139 million, or $1.55, a year earlier, the New York-based company said. Sales were little changed at $104.3 million. Six Flags reduced the value of the parks it had agreed to sell for $312 million to PARC Management, a closely held company run by former amusement park executives.