NEW YORK (AP) -- The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
Mark Shapiro, the New York-based company's chief executive officer, says the move won't affect the operation of its 20 theme parks in the U.S., Mexico and Canada.
Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable.
Saturday's bankruptcy filing came after an earlier plan to negotiate an out-of-court deal with creditors failed.
Six Flags shares have traded below $1 since September. They closed at 26 cents on Friday.
Warm wishes are exactly what 28 families will receive today, courtesy of the Tri-State Fair and Rodeo.
Amarillo police officers are currently on the scene of an accident on Hillside Road and Canyon Drive.
This weekend's closure of the Bell Street Bridge has been postponed due to the anticipation of high winds.
The Amarillo City Council recently created a new board aimed at furthering the beautification of Amarillo and preserving public art throughout the city.
The American Federation of Government Employees held a rally today to demand the Department of Veterans Affairs fill all VA vacancies nationwide.