Edwards Theatres Circuit Inc. is the Southland's largest chain.It filed for Chapter 11 bankruptcy protection Wednesday in SantaAna, saying it is saddled with hundreds of millions in debt andreeling from the effects of an industrywide building binge that hasgone on for five years.
The 70-year-old Newport Beach-based company simultaneouslyannounced the immediate closure of four theater complexes in OrangeCounty, San Diego and the Inland Empire of Riverside and SanBernardino counties.
The company says it will keep open 70 theaters with 736 screensduring its bankruptcy restructuring. But that's little solace tomany mall owners and other retail investors who already countEdwards among their tenants, or who are planning projects thatwould involve the construction of new Edwards theaters.
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