TITLE

Midway Sheds Casual, Predicts Loss

AUTHOR(S)
Lee, Michael
PUB. DATE
October 2008
SOURCE
Red Herring;10/16/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36603013

 

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