Paramount Sold!

posted on January 30th, 2006, 2:35 am

CBS CEO Leslie Moonves has given notice that the new company plans to sell its Paramount Parks division, due to lack of synergy with CBS's other content-driven units. The unit generates $1.1 billion annually and accounts for 8% of CBS's current revenues.

According to CNN, parks included in the unit include Paramount's Kings Island in Cincinnati; Paramount's Great America in Santa Clara, Calif.; Paramount's Kings Dominion, in Richmond, Va.; Paramount Canada's Wonderland in Toronto; Paramount's Carowinds in Charlotte, N.C.; and the Star Trek: The Experience attraction at the Las Vegas Hilton.

No information is yet available about how the sale might affect the STAR TREK attraction in Las Vegas, which recently added BORG INVASION 4-D.

Read more at CNN.

http://trekweb.com/articles/2006/01/29/43dce13fb2e6d.shtml