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While maintaining exhibitor exposure, Mark Cuban reduces Carmike Cinemas stake

|Includes:Carmike Cinemas, Inc. (CKEC), CNK, IMAX, MCS, RDI, RGC

Billionaire Mark Cuban maintains substantial investments in several entertainment and theater exhibition assets that range from controlling ownership interests in movie exhibition, movie distribution, movie production, sports franchises, among many others to minority investments in publicly traded companies in the same area. 

According to an amended 13D filing made on April 6, 2010, Cuban recently reduced his large stake in cinema exhibitor Carmike Cinemas to 7.2% from his initial filing position of 9.4% at the end of 2008.

According to a February 16, 2010 13G filing, Cuban also holds a continuing 13.9% ownership position Reading International (O-RDI, RDIB), another cinema exhibitor and real estate operator and developer, after filing a Form 4 filing disclosing initiating his RDI position on June 22, 2009 at $4.51/share.

Disclosure: Presently long RDI and RDIB, short CKEC. This author may buy or sell shares at any time.