SANDUSKY, Ohio (AP) — Cedar Fair Entertainment Co. says it will not make any cash distribution to the owners who hold unit shares in the company as a result of lower revenues.
Cedar Fair officials say the struggling economy combined with bad weather led to more than a million fewer visitors to its amusement and water parks this year.
Cedar Fair says net revenue for the nine months ending Sept. 27 fell to $810.5 million from $877 million a year ago and attendance fell 1.2 million at the company's parks.
The Ohio-based company says 2010 will be the first time it has not made cash distributions since Cedar Fair went public in 1987 as a limited partnership.
Cedar Fair operates 11 amusement parks and seven water parks.
