News Summary

• Six Flags Entertainment Corp. named John Reilly as its new president and CEO.
• Reilly is taking the reins of the struggling company that operates Knott's Berry Farm and Magic Mountain.
• Six Flags has upset some parkgoers with its cost-cutting efforts.
• Executives earlier this month suggested they're taking a stronger look at closing and selling off more of its underperforming theme parks.
• "He's got his work cut out for him," says Martin Lewison, associate professor of business management for Farmingdale State College in New York.