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OGDEN TO SLIM DOWN, WILL CUT CONCESSIONS, ARENA MANAGEMENT
Published November 10, 1995
Ogden Corp. said it "wants to shed about a third" of its business, including its concessions operations at sports arenas to focus on core entertainment, aviation, power-generation and waste-treatment operations. Jonathan Auerbach reports in this morning's WALL STREET JOURNAL that the businesses Ogden plans to trim "depend heavily on lower-margin short-term contracts," and selling them will enable the companty to invest in "its higher margin businesses, including entertainment." Ogden expects earnings to jump 12-15% after restructuring (WALL STREET JOURNAL, 11/10).