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Tuesday, Nov 5, 2024

Committee Reviewing Offer for Discount Ticket Seller

The board of directors of discount ticket seller Tix Corp. has formed a special committee after having received a non-binding proposal. The committee of independent directors will review the proposal and make a recommendation to the board of the Studio City-based company that sells discount tickets in Las Vegas as well as merchandise connected with museum exhibits. Management has informed the special committee it has no current intention of making an offer for the shares. In December, Tix completed the sale of its poorly performing live entertainment division to a group of company executives for an undisclosed amount.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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