Tag Archives: News

Cedar Point builds fan base on Facebook, social-network sites

From the Sandusky Register

SANDUSKY

If you’re a popular person on Facebook, you could well have hundreds of friends. Maybe even thousands.

When Tony Clark is on Facebook, he stays in touch with more than 300,000.

When he’s at work, toiling away in the marketing building for Cedar Fair at the back of the amusement park, Clark is the “interactive marketing manager.”

But for hundreds of thousands of roller coaster fans, Clark has a different name. When he posts on the amusement park’s Facebook site, he’s identified as “Cedar Point.”

As of Saturday morning, Cedar Point had 309,180 fans. The number will be higher by the time you read this.

The growth has been rapid.

Clark said Cedar Point’s Facebook presence began as a fan page. The fan made it clear it was an unofficial page, and handed it over last year when Cedar Point asked to take it over. At that point, the page had 30,000 fans.

Cedar Point’s promotion grew that number tenfold in a year, and promotional efforts will continue. This summer, signs will urge Cedar Point visitors to visit the park on Facebook, Clark said.

“The great thing about it is, it’s exponential growth,” he said.

While many of those 300,000 plus fans probably don’t pay much attention to the page, hard-core Cedar Point fans often post comments there.

Sean Foley, 36, who lives in a suburb of Pittsburgh, frequently shows up on the page.

Foley’s profile picture on Facebook shows him standing next to Snoopy.

“That was taken right outside of TGI Fridays at the Hotel Breakers,” he said.

Foley, a national account coordinator for Verizon Wireless, says he’s at Cedar Point 15 to 20 days a year. The day he was interviewed last week, he had used a webcam to check Sandusky’s weather and noticed that it had turned sunny.

“It’s all I can think about right now,” he said.

Foley said Cedar Point’s Facebook page is a good source of information.

“It’s nice to interact not only with other fans but also with their staff as well,” he said.

The frequent answers Cedar Point posts to fan questions is a particularly nice feature, Foley said.

“You can often find the answer before even asking it,” Foley said. “You can see other people have asked the question.”

Because fans can post questions and comments, Facebook provides instant feedback, Clark said.

While the comments are overwhelmingly positive — it’s a fan page, after all — it also lets Cedar Point address potential problems.

For example, a fan posted she wouldn’t stay in Cedar Point’s hotels because they are too expensive.

“That honesty is there for everyone to see,” Clark said.

Cedar Point told the woman there are customizable hotel plans and ways to get discounts.

“You cannot purchase cheaper tickets than if you stay with us,” Clark said.

Hooking up with Cedar Point’s Facebook page — or subscribing to the park’s Twitter feed — has practical advantages.

The park has begun experimenting with offering discounts to its social media fans. Last week, Cedar Point was offering $99 stays at Castaway Bay, exclusively to Facebook fans.

“We will do that more this summer,” Clark said.

As the administrator of the page, Clark doesn’t just post to it. He removes posts that violate Cedar Point’s guidelines.

Personal attacks on other fans are banned, and foul language is taboo, too.

“We don’t want attacks on other people or things you wouldn’t let your child read,” Clark said.

Videos that obviously were taken while a rider sat inside a roller coaster are also forbidden.

“It’s a strong rule here at Cedar Point we don’t allow cameras on their rides,” Clark said.

That’s for safety reasons. If someone dropped a camera, “that could be a bad situation for the other riders,” he said. “Safety is No. 1 at the park.”

Facebook provides Clark’s biggest audience, but he also communicates with fans in other ways.

He also posts to Twitter, where twitter.com/cedarpoint had 5,944 followers last week. He uploads videos to YouTube’s Cedar Point channel. And he and Tyler Adams, director of sales at Cedar Point, write the posts on the official Cedar Point blog, Onpoint!

Clark, 31, a Perkins Township resident, worked in radio for several years in Milwaukee. He said he enjoyed talking to people in his radio job, and has found that interacting with fans on the Internet is similar.

He often posts status messages on Facebook to get fan discussion going.

When the flamboyant pop star Lady Gaga announced she was coming to Cleveland on her new tour, Clark posted, “Cedar Point wonders if Lady Gaga will visit the park before her Cleveland show.”

Reaction was split 50/50. Some coaster fans said they hoped she’d show up.

“There were some who said, ‘She’s a freak, keep her away,'” Clark said. “It just got a lot of reaction.”

Roller-coaster year for amusement industry may head uphill, analyst says

From the Sandusky Register

SANDUSKY

The amusement park industry’s roller coaster ride is on the upswing, an analyst says.

Theme park revenues fell in 2009, but revenues in the industry should rise 1.7 percent in 2010, predicts Nima Samadi, an industry analyst at IBISWorld, a market research company based in Los Angeles.

Samadi said Friday his forecast of an upswing definitely applies to Cedar Fair.

“It’s a company that’s been a real cash flow generator in the past,” he said. “It’s definitely a company that has the potential to remain profitable in the future.”

Samadi said his forecast for an amusement park revival assumes the travel business will get better and the economy will recover.

Stacy Frole, director of investor relations for Cedar Fair, Cedar Point’s parent company, said Cedar Fair also is expecting better days ahead. She pointed to forecasts in the proxy statement the company issued earlier this year.

Cedar Fair reported on Feb. 11 that it had a rough year in 2009, with net revenues of $916.1 million, down from $996.2 million in 2008.

EBITDA — earnings before interest, taxes, depreciation and amortization, the company’s favorite metric — fell 15.7 percent, from $355.9 million to $299.9 million.

Cedar Fair didn’t provide guidance to analysts last year and hasn’t announced plans to do so this year.

But in its definitive proxy statement, filed Feb. 10 to make its case for the sale to Apollo Global Management, Cedar Fair revealed the four-year financial forecast it shared last year with Apollo officials.

The company projected revenues of $966.6 million in 2010, $988.2 million in 2011, $1,012.2 million in 2012 and $1,036 million in 2013. EBITDA also will steadily rise, the company forecast on page 58 of the proxy statement.

Samadi remarked that major amusement park chains have been acquisition targets. He noted that Apollo Global Management is trying to acquire Cedar Fair and that Apollo reportedly also is interested in buying the bankrupt Six Flags chain.

It might make sense for Apollo to buy both amusement park chains and achieve economies of scale by merging the two, Samadi said.

A special meeting to decide whether to approve Apollo’s takeover of Cedar Fair has been rescheduled for April 8.

The Blackstone Group, a private equity company similar to Apollo, bought Busch Entertainment Corp. and Comcast bought NBC Universal.

“Industry players have been a prime private equity target due to the massive amount of debt the industry had acquired over the last decade,” Samadi said.

“Major players have overpaid in the past to acquire regional players and increase their market share. But despite the cyclical downturn in revenue, private equity firms can still reap the benefits from these relatively stable cash producers in the long-term.”

Cedar Fair executives have explained that Apollo’s acquisition with the company will help Cedar Fair deal with about $1.6 billion of debt. Cedar Fair acquired much of that debt in 2006, when the company bought the Paramount theme parks chain.

Cedar Point to hold weekend interviews for summer jobs

Cedar Point Press Release

SANDUSKY, Ohio, Feb. 19 — With Opening Day less than three months away, Cedar Point will be holding open interviews next Friday night and Saturday for summer jobs at the Sandusky, Ohio, amusement park/resort.

The interviews will be held on Friday night, Feb. 26 from 5-8 p.m. and on Saturday, Feb. 27 from 11 a.m. to 4 p.m.  The interviews will be held at the park’s Breakers Express Hotel, located at 1201 Cedar Point Drive, Sandusky.  Open interviews are also planned for March 26-27 and April 10.

The park will be looking to fill more than 4,500 positions for this summer’s operating season.

Prior to attending the interviews, all applicants need to complete an online application.  To apply, visit www.cedarpoint.com and click on “Jobs.”

Available positions include ride operator, food service attendant and merchandise and game associate.

There are more than 50 different job classifications available.  Other positions include admission employee, lifeguard, marina dockhand, parking/toll attendant and room attendant.  Many of the jobs will qualify for college credit for an internship at many schools including Hospitality Management, Culinary Arts, Recreation, Marketing, Finance, Human Resources and more.

Cedar Point offers positions starting at $7.30 per hour.  Employees under the age of 16 will earn $7.25 per hour.  Other benefits include low-cost housing for employees who are at least 18 years old and live more than 30 miles from the park, employee cafeteria, free uniform exchange, recreation center and employee activity program.

Cedar Point employees also have free admission to Cedar Point, the Soak City waterpark and the park’s sandy beach.

Cedar Point will be open daily Saturday, May 15 through Labor Day, Monday, Sept. 6.  The park will then reopen for weekend operations through Sunday, Oct. 31, 2010.

With thrilling rides, award-winning live entertainment, special attractions and resort accommodations, Cedar Point is one of the most popular amusement parks and vacation destinations in the country.  It has been named the “Best Amusement Park in the World” for 12 consecutive years.

New this summer will be Shoot the Rapids, an exciting river-ride adventure that will feature two hills, rocky canyons with spraying water and a splashy grand finale.

To obtain additional information about jobs at Cedar Point, please call 1.800.668.JOBS (5627) or visit cedarpoint.com.

More bad news for Cedar Fair deal proponents

From the Sandusky Register

SANDUSKY

The ‘no’ votes are piling up against the proposed $2.4 billion Cedar Fair buyout.

Neuberger Berman, an asset management firm in New York, has announced in an SEC filing that it opposes the proposed merger agreement. Neuberger manages 9.6 percent of Cedar Fair’s outstanding units, and has full discretion on voting for 8.6 percent of those units.

Neuberger’s disclosure follows an announcement from Q Funding, a Fort Worth company controlled by Texas investment banker Geoffrey Raynor, that it intends to vote against the proposed merger and is asking other unitholders to join it in opposing the deal.

The most recent SEC filing indicates that Raynor now controls voting rights for about 15 percent of Cedar Fair’s units.

Cedar Fair must win approval of the Apollo Global Management deal from votes representing two-thirds of its units, and unitholders who don’t bother to vote will have their units counted as ‘no’ votes.

The amusement park company is expected to mail out a final proxy statement within days giving a deadline on when to vote on the proposed deal.

The merger agreement reached in December by Apollo and Cedar Fair offers unitholders $11.50 per unit. Cedar Fair’s units closed Tuesday at $12.19 per unit.

The announcement that two entities controlling about 23 percent of the votes oppose the deal makes it “very difficult” for the merger to go through, said analyst Justin Lumiere, who runs the Special Situations/Risk Arbitrage Group for Summit Securities Group in New York.

Small investors in Sandusky also have not greeted the merger agreement with open arms, according to local brokers and lawsuits filed at the courthouse.

John Sprau, who lives in Sandusky, said he continues to believe the $11.50 offer is too low.

Stacy Frole, director of investor relations for Cedar Fair, said Tuesday the company will continue to communicate its message that Cedar Fair’s board believes Apollo’s offer was fair.

“We will continue as we go through this process to reach out to investors, including Q Funding and Neuberger Berman,” she said.

Asked if Cedar Fair believes the merger agreement now appears likely to fall through, she said, “We wouldn’t be able to speculate on the outcome of the vote at this point.”

Lumiere said Cedar Fair no doubt has lawyers advising Frole and other company officials about what to say. Once Cedar Fair signed an agreement with Apollo, its spokespersons have little choice but to repeat that the board supports the deal with Apollo, he said.

“They’ll just keep repeating it over and over again,” Lumiere said.

He issued a new report about the proposed merger on Monday. In it, Lumiere applied the latest financial numbers from comparable entertainment companies to arrive at an estimate for what Cedar Fair’s units might really be worth. He arrived at a possible value of $13.19 per unit.

“It could feasibly trade where it is trading right now, without a deal,” he said.

Cedar Point to hold summer job weekend

Cedar Point Press Release

SANDUSKY, Ohio, – This will be an important weekend for people interested in working at Cedar Point this summer.

On Friday, Feb. 5, the Sandusky, Ohio, amusement park/resort will hold auditions and interviews for performers, musicians and show technicians for this summer’s live shows.  The auditions will be held in the Live Entertainment Office at Cedar Point from 11 a.m. to 4 p.m.

To audition, applicants must be at least 18 years old by May.  A CD player and piano will be available, but other instruments and amplifiers will not be provided.  Applicants should also bring a one-page resume with references to the audition.

For more information about the auditions, interested applicants should contact the Live Entertainment Division at 419.627.2388, by e-mail at liveshows@cedarpoint.com or online at cedarpoint.com.

The next day, Saturday, Feb. 6, Cedar Point will be holding open interviews for summer jobs in the park such as ride operator, food service attendant and merchandise and games associate.

The interviews will be held from 11 a.m. to 4 p.m. at the park’s Breakers Express Hotel, located at 1201 Cedar Point Drive, Sandusky.  Open interviews are also planned for later in February, March and April.

The park will be looking to fill more than 4,500 positions for this summer’s operating season.

Prior to attending the job interviews on Feb. 6, applicants need to complete an online application.  To apply, visit www.cedarpoint.com and click on “Jobs.”

Overall, there are more than 50 different job classifications available.  Other positions include admission employee, lifeguard, marina dockhand, parking/toll attendant and room attendant.

Cedar Point offers positions starting at $7.30 per hour.  Employees under the age of 16 will earn $7.25 per hour.  Other employee benefits include low-cost housing for employees who are at least 18 years old and live more than 30 miles from the park, on-site employee cafeteria, free uniform exchange, recreation center and extensive employee activity program.  Summer employees are also eligible to enroll in a seasonal health care program.

Cedar Point employees also have free admission to Cedar Point, the Soak City waterpark and the park’s sandy beach.

To obtain additional information about jobs at Cedar Point, please call 1.800.668.JOBS (5627) or visit cedarpoint.com.