1981-09-22 Columbia Eyes SF.jpg

In the fall of 1981, Penn-Central began divesting itself of assets the company no longer considered to be in-line with its core mission (which was largely anything unrelated to the Penn-Central Transportation Company).  The Great Southwest Corporation (GSC/Six Flags Corp.) was one such company.  In this article, it was rumored  that Columbia Pictures Industries was in talks to purchase Six Flags from Penn-Central.