It was inevitable, really. With $150 million in debt coming due Feb. 19 and not nearly enough cash on hand to pay it off, Midway, the sinking ship of a game publisher responsible for Mortal Combat (and little else), has filed for bankruptcy.
Read More »
Good thing Viacom and CBS Corp. Chairman Sumner Redstone plans to live at least another 50 years; he may actually be around long enough to see the realization of Viacom’s grand Internet strategy and its bet on the marriage of old-line media assets with new distribution technologies. Assuming, of course, the sanctity of copyright [...]
Read More »