Midway Sheds Casual, Predicts Loss

Lee, Michael
October 2008
Red Herring;10/16/2008, p7
Trade Publication
This article reports on the announcement by video game publisher Midway Games that it will terminate any non-core licenses and partnerships. With this, the company expects to extend its third-quarter loss per share to $0.70 from a previously forecast of $0.49 a share. This move was made after the company cut a deal to help with manufacturing costs amid losses. According to the company's representative, the only licensed games are being terminated and that its relationships with DC and TNA remains strong.


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