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Reading International, Inc. Message Board

  • dbn_4 dbn_4 May 3, 2012 3:33 PM Flag

    Clearview Cinemas...

    Is being shopped around, might RDI be interested?

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    • I know Reading bid for all or part of this chain when Bud Mayo put it up for sale years ago because of Reading's city Cinema and Angelika screens in Manhattan were nearby. However, Cablevision outbid Reading. I dont know how much Cablevision put into the chain but I do recall that several of Clearview's theaters were thought to be rundown and "brick sh#thouses" by Reading. There may be some antitrust hurdles for some of the big players to bid for the whole chain. So there is a chance Reading might have a shot at all or select screens. Worth asking about at next week's RDI annual meeting.

 
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