February 24, 200620 yr among other things, said during a conference call to investors: [We have] announced our intention to divest Paramount Parks, a well run, terrific business that does not have a strong strategic fit with our content businesses.
February 24, 200620 yr "Hello, everyone, and welcome to the Mr. Obvious Show. I'm your host, Mr. Obvious. Let's take a call. Hello, Mr. Obvious Show?"
February 24, 200620 yr Author On the contrary. This is a conference call to investors. It was yesterday. Under the rules of the SEC, if the sale were NOT still ON, he could not have said what he did. So, this IS news. The news is that there is no news. And no, before that, it was NOT obvious. Conference calls often reveal unexpected news, as execs say things in response to questions that were not expected. So, to sum up, the news is that as of yesterday morning, the sale of the parks is still on. That could still change, but it hasn't so far.
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