MENU
SECTIONS
OTHER
CLASSIFIEDS
CONTACT US / FAQ
Advertisement
1
MORE

Local movie theaters await antitrust ruling

The Blade

Local movie theaters await antitrust ruling

A deal under which Cinemark Holdings Inc. would buy Rave Cinemas LLC, the dominant theater chain in the Toledo area with three cinema complexes, is still on hold while the U.S. Justice Department continues to review it for any potential antitrust conflicts.

The acquisition was announced Nov. 16 and involves the sale of 32 theaters — a total of 483 screens — in 12 states. At the time, Cinemark and Rave were told the antitrust review could take three to six months, but likely would be done by the end of March.

But Chanda Brashears, a spokesman for Texas-based Cinemark, said Friday the process appeared to have been somewhat delayed by preparations for the Jan. 20 inauguration of President Obama.

Advertisement

Ms. Brashears said Cinemark anticipates approval by no later than next month. “We could have news by the end of this month, but it may be mid-May” before a decision, she said.

First Published April 20, 2013, 3:14 a.m.

Advertisement
RELATED
SHOW COMMENTS  
Join the Conversation
We value your comments and civil discourse. Click here to review our Commenting Guidelines.
Must Read
Partners
Advertisement
 (The Blade)  Buy Image
The Blade
Advertisement
LATEST frontpage
Advertisement
Pittsburgh skyline silhouette
TOP
Email a Story