CPM Lays off Staff, Prepares for Bankruptcy
posted on 2006-05-26 17:00 EDTCentral Park Media laid off the majority of its staff today, maintaining only a small number to deal with "loose ends." We have been informed that "issues with creditors" arose last week, and the company is expected to file for bankruptcy next week. No further details about the creditor issues or bankruptcy filing are available.
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