National Media has filed a registration statement with the SEC for the stock that VVTV will (may) receive in exchange for the $10 million working capital loan we provided to them in January. Does anyone have an opinion on what this means (if anything) for the status of the merger?
More layoffs will occur soon. Mostly in the Broadcast end. They plan on being fully robotic (robotic cameras, that is) by June 1. Thusly, there will be quite a bit of people who used to run cameras and such out of work by then. It seems that they are even beginning to consolidate telemarketing work in Boston and slowly start whittleing away the telemarketing group in Eden Prairie
10% of what were laid off two months ago? The MWD catalog lost it's name and it is basically starting over. The staffing was reduced - 10 people were escorted out. big Deal!! There is a severe shortage of staffing in the call center and customer service departments (this is Minneapolis-2% unemployment) so don't look for reductions there......most of the recent turnover has been the natural flight of people nervous about the merger.