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Friday, Mar 29, 2024

Six Flags Loss Grows

Six Flags Inc. reported a fourth quarter loss of $189.7 million, or $2.07 a diluted share, after writing down the value of several parks it had planned to put up for sale. The loss is wider than the year-ago period, which totaled $139 million, or $1.55 a share, the company said. Six Flags reduced the value of seven parks it plans to sell to PARC Management to $312 million. That deal was hatched in January and originally was rumored to include Six Flags Magic Mountain and Hurricane Harbor in Valencia, although those parks were later taken off the selling block.

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