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Did the Carlisle group purchase Loews Theaters this week

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Peak_Oil Donating Member (666 posts) Send PM | Profile | Ignore Thu Jun-24-04 05:39 PM
Original message
Did the Carlisle group purchase Loews Theaters this week
I seem to recall this happening this week. Can't remember for sure, and a search of Yahoo News isn't bringing anything up.

Anybody's tinfoil hat properly attuned to this frequency? Let me know!
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uptown ruler Donating Member (193 posts) Send PM | Profile | Ignore Thu Jun-24-04 05:40 PM
Response to Original message
1. yes
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Sporadicus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 05:41 PM
Response to Original message
2. Search With the Name "Carlyle"
you may get some results.
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Peak_Oil Donating Member (666 posts) Send PM | Profile | Ignore Thu Jun-24-04 05:47 PM
Response to Reply #2
6. Aaaah, yes. That did it.
Here's a link or two to the story.

http://news.yahoo.com/news?tmpl=story&u=/variety/20040621/va_fi_ne/alleged_war_profiteer_is_loews_chain_1

for the popular slightly-aware news

http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20040621005546&newsLang=en

for the hardcore business news version and...

http://news.yahoo.com/news?tmpl=story&u=/variety/20040621/va_ne_al/loews_sells_high_1

for the entertainment business perspective.

None of them mention how many screens Loews is showing f911.



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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 05:42 PM
Response to Original message
3. Carlyle goes to the movies, link here
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Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 05:44 PM
Response to Original message
4. They're on a buying binge
They also bought a controlling interest in one of the Japanese cellphone companies.
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salvorhardin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 05:45 PM
Response to Original message
5. Yep, Carlye Group, Bain Capital LLC and Spectrum Equity Investors
Here's an article about it in The Globe and Mail.

Snip:
Onex announced yesterday that it and U.S. partner Oaktree Capital Management LLC have signed a deal to sell 2,200-screen Loews Cineplex Entertainment Corp. for $2-billion. The buyer is a consortium of investment firms that includes Bain Capital LLC, Carlyle Group LLC and Spectrum Equity Investors.
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Kathy in Cambridge Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 06:15 PM
Response to Reply #5
11. Our Repuke Governor Romney was the CEO of Bain
and he's trying to raise his national profile for a presidential run.
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salvorhardin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 09:36 PM
Response to Reply #11
13. Ughh! Mitt Romney
I didn't know that. Another "family values" a**hole trying to degrade MA's constitution.
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catzies Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 09:40 PM
Response to Reply #5
14. They're cash-rich, and private.
That combo is very bad for democracy.
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eaprez Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 05:48 PM
Response to Original message
7. So The Obvious Question is....
"what are they afraid of?"
if its all just so much nonsense....whats the problem?
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pss Donating Member (124 posts) Send PM | Profile | Ignore Thu Jun-24-04 05:55 PM
Response to Original message
8. I've got tickets...
...to see Fahrenheit 9/11 Friday night at the Loews theater on 34th street. So does this mean that the Carlysle Group now has my credit card information and made a profit from the ticket sale?

The mind boggles...
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Nikki Stone 1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 06:01 PM
Response to Reply #8
9. Someone should send this to Drudge
I bet he'd put it up.

I don't know what the Carlysle purchase means. Certainly, they can't buy out every theater.

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merh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 09:44 PM
Response to Reply #9
15. Yes they can. They are that rich and powerful. (n/t)
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juajen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 06:07 PM
Response to Reply #8
10. Deal has not been finalized yet, should not affect F9/11
n/t
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DebJ Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 06:15 PM
Response to Reply #10
12. but maybe then want to make sure even Better Movies aren't
going to come out!
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