Anschutz purchased the bonds for pennies on the dollar.

Anschutz already has done similar deals with United ArtistsTheatre Corp. in Denver and the smaller Edwards Theatre CircuitInc. of California. United Artists is the nation's sixth-largestowner of theaters.

When Regal, based in Knoxville, TN, emerges from bankruptcy inabout three months, Anschutz will control about 20% of the nation's30,000 screens, far more than anyone else. That is expected to givehim more clout when negotiating with Hollywood studios for therights to exhibit films.

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