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Reading International history
Reading International company history timeline
The operation of the rail lines controlled by Reading and those of its fallen brethren were consolidated by a federal government agency and given to the Consolidated Rail Corporation, or Conair, a government-sponsored company that began operating in 1976.
The company was formed in 1983, counting as its major asset a Glendale, California-based savings and loan, or thrift, named Fidelity Federal Bank.
The operation of the rail lines controlled by Reading and those of its fallen brethren were consolidated by a federal government agency and given to the Consolidated Rail Corporation, or Conair, a government-sponsored company that began operating in 1976. It would be nearly 20 years before Reading sold its last railroad real estate asset, the Reading Terminal Headhouse in downtown Philadelphia, which was sold in 1993.
To cut itself free from the impending collapse of Fidelity Federal, Citadel spun off the thrift in August 1994 and began looking for better investments elsewhere.
Domestically, Reading pursued a more offbeat business direction, acquiring an art-house theater in Manhattan in 1996 that operated under the name Angelika Film Center.
Cotter also held an equity position in another company, the third member of the 2001 merger that created Reading International, Citadel Holding Corporation.
By the end of 2003, its presence in Australia and New Zealand consisted of 18 cinemas with 124 screens.
The company's activity in 2004 served as a blueprint for its future expansion, with much of its efforts focused on developing real estate.
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Reading International competitors
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|---|---|---|---|---|
| Regal | 2002 | $426.1M | 26,047 | 16 |
| Education Week | 1981 | $50.0M | 50 | 50 |
| East Bay Center for the Performing Arts | 1968 | $5.0M | 59 | 1 |
| Mcps | - | $450,000 | 10 | 28 |
| Ela | - | - | - | - |
| School of The Performing Arts In The | 1981 | $1.6M | 30 | - |
| Texas City Newspapers Inc | 1912 | $180.0M | 687 | - |
| Bricks 4 Kidz | 2008 | $19.0M | 645 | 2 |
| Mariana Bracetti | 2000 | $2.1M | 5 | 1 |
| SunnyvaleSD | 1899 | $960,000 | 50 | 38 |
Reading International history FAQs
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Reading International may also be known as or be related to READING INTERNATIONAL INC, Reading Entertainment, Inc, Reading International, Reading International Inc and Reading International, Inc.