* Exhibitors: AMC Entertainment Inc. said it...
* Exhibitors: AMC Entertainment Inc. said it raised $100 million selling 4 million shares of cumulative convertible preferred stock at $25 a share. The offering was managed by underwriters Donaldson, Lufkin & Jenrette Securities Corp.; Bear, Stearns & Co., and Smith Barney Shearson Inc. For the 39 weeks ended Dec. 30, AMC’s revenue rose 46% to $448 million, thanks partly to summer box office hits such as “Jurassic Park” and “The Fugitive.” Earnings climbed to $12.5 million from $2.6 million in the year-earlier period, including a $9.6-million gain from the sale of some assets. Kansas City-based AMC, which is headed by Chairman Stanley H. Durwood, was a pioneer in the development of the multiplex theater concept.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.