Earlier today, we announced that we have signed a definitive agreement for the acquisition of Paramount Parks from CBS Corporation. A copy of that release, along with a fact sheet on Cedar Fair and Paramount Parks, can be viewed through this link.

A conference call discussing the acquisition was held with investors and analysts at 11:00 a.m. Eastern Time. The slide presentation accompanying the conference call can be accessed through the following link:

http://www.cedarfair.com/_upload/cedarfairinvestorpresentationweb.pdf

A second conference call for the media and any follow-up questions will be held at 1:00 p.m. Eastern Time and can be accessed through the link below:

http://viavid.net/dce.aspx?sid=000031D5

In our conference calls, we may make references to adjusted EBITDA, which represents earnings before interest, taxes, depreciation, and other non-cash items. Management believes adjusted EBITDA is a meaningful measure of park-level operating profitability. Adjusted EBITDA is not a measurement of operating performance computed in accordance with generally accepted accounting principles and is not intended to be a substitute for operating income, net income or cash flow from operating activities as defined under generally accepted accounting principles. In addition, adjusted EBITDA may not be comparable to similarly titled measures of other companies. A reconciliation of adjusted EBITDA as of December 31, 2005 for both Cedar Fair and Paramount Parks is available through this link.

A copy of a current fact sheet on Cedar Fair, L.P. can be accessed through this link.

Link to satellite B-roll feed

For information specific to Paramount Parks or CBS Corporation, please check out the Paramount Parks web site ( http://www3.paramountparks.com/index.cfm ) or contact Dana McClintock (212) 975-1077.