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|Home: BigScreen Journal - Hermitage, PA: Carmike Hermitage Plaza 8 Closes|
The Herald in Sharon, Pennsylvania is reporting that the Carmike Hermitage Plaza 8 in Hermitage, Pennsylvania:
Carmike Cinemas Inc. notified its local vendors on Monday the eight-screen theater was ceasing operations. While the Columbus, Ga.,-based movie chain gave no specific explanation for the closing, the company has been going through a financial horror show as it lost $126 million, or $10.07 a share, in 2007 compared to a loss of $19 million, or $1.57 a share, in 2006.
In March Carmike said it would sell or close underperforming theaters as it saw sliding ticket sales.
Fortunately, Hermitage residents have another movie theater to attend. The Shenango Valley Cinemas is located at 2996 East State Street.
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