Monday, December 11, 2017
Business

Will parent of SeaWorld, Busch Gardens put theme park business up for sale?

Shares of SeaWorld Entertainment, the Orlando parent of SeaWorld and Busch Gardens theme parks, fell nearly 8 percent, closing at $14.07 Wednesday amid reports that the company has hired investment adviser Evercore to find a potential buyer. Beleaguered SeaWorld has suffered in recent years from a public backlash to breeding captive killer whales and using them for SeaWorld's Shamu-branded orca shows. Public opposition was stoked by the 2013 documentary film "Blackfish" critical of SeaWorld's handing of orcas. SeaWorld is stopping those activities but has struggled to find an entertainment formula that will sustain visitor numbers in its theme parks.

With the hiring of Evercore, SeaWorld wants a "fresh perspective" on how to handle their weak operational performance, says Dealreporter, a specialty new service that tracks merger activity.

Compounding SeaWorld's woes is the sudden departure announced this week of chief financial officer Peter Crage for another company.

When SeaWorld first went public in 2013 its IPO price was $27. The company will report its second quarter financial results on August 8.

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Tampa Hillsborough Expressway Authority plays beat the clock on GOP tax bill

Tampa Hillsborough Expressway Authority plays beat the clock on GOP tax bill

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JW Marriott Clearwater Beach project still on target despite some bumps

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HSBC says U.S. will dismiss criminal charges against it

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Major auto manufacturer offers longer hours, incentives to fix airbags

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Ticket-fighting firm hires former Florida Bar president to sue the Bar

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Updated: 6 hours ago
Tampa: Hundreds protest Trump’s decision on Jerusalem

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TAMPA — Hundreds rallied near the University of South Florida on Friday night to protest President Donald Trump’s recent declaration that the United States will recognize the divided city of Jerusalem as the capital of Israel.The protest was organize...
Published: 12/08/17
Updated: 12/09/17

Duke outage leaves 7,700 without power near Pinellas Park

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Published: 12/08/17
Express lanes set to open on Veterans. They’re free -- for now.

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TAMPA — Drivers on the Veterans Expressway will gain an extra lane from Gunn Highway to Hillsborough Avenue starting Saturday.But there’s a catch: Once drivers enter the lane, they won’t be able to leave it — not until a designated exit about six mil...
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St. Petersburg chamber of commerce charts ‘Grow Smarter’ economic development strategy

St. Petersburg chamber of commerce charts ‘Grow Smarter’ economic development strategy

Times Staff WriterST. PETERSBURG — What started more than five years ago as an exploratory conversation among a handful of business leaders blossomed Friday into a full-blown community discussion of how to nurture business while working to make sure ...
Published: 12/08/17