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Central Park Media Statement

posted on 2006-05-30 14:43 EDT
Musicland's bankruptcy cited, no mention of CPM bankruptcy

Central Park Media has sent out an official statement regarding the recent lay-offs at the company. There is no mention whether, when, or how CPM will enter bankruptcy.

As our business has been significantly impacted by Musicland's bankruptcy filing, we are facing tightening sales conditions and are currently focusing on a cost cutting program which will structure the company for future growth without our largest customer. A number of very talented and dedicated employees have unfortunately lost their jobs through no fault of their own.

CPM will be happy to assist these fine staff members find employment opportunities, so any company seeking experienced and professional employees are requested to email CPM at [email protected] for further details.

This article has a follow-up: Central Park Media Talks August Releases (2006-05-31 13:18)
follow-up of CPM Lays off Staff, Prepares for Bankruptcy
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