For the second quarter, AMC Entertainment Inc. posted a net loss of $ 9.7 million (60 cents a share), compared to a $ 1.4 million net loss (10 cents) for the same period last year.The results include a $ 6.5 million extraordinary item due to a debt refinancing charge in the quarter. Revenues for the quarter were down 11% to $ 100.7 million. According to AMC president Edward Durwood, the lower revenues were the result of fewer screens, a shorter summer film season and the lack of a big hit like “Terminator 2: Judgment Day.” AMC placed $ 200 million in new debt this summer in junk bonds.
* * *Kushner-Locke Co. said it has filed an amended registration statement with the Securities & Exchange Commission to publicly offer 5 million of its common shares. Chatfield Dean & Co. Inc. will act as managing underwriter for the offering. A registration statement relating to these securities has been filed with the SEC but has not yet become effective.
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