Midway sinks further after Redstone escape

by Jason Dobson { Dec 4th 2008 at 1:00PM }

How low can you go? GI.biz reports that Midway's stock has plummeted some 40% since majority shareholder Sumner Redstone cast off his stake in the company to investor Mark Thomas on Monday and ran for the hills.

Midway's stock currently trades for around 23 cents a share, an all-time low and reason why the company continues to face delisting by the New York Stock Exchange. As Midway's dance of financial limbo persists, we can't help but look on and place bets when the troubled company's back will simply give out and snap in two.

Tags: debt, midway, money, redstone, stock

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Reader Comments (Page 1 of 1)

Dirty @ Dec 4th 2008 1:09PM

Ill take 2 shares please.....

CTC XBL-supapaypamawio PSN-ctclaw @ Dec 4th 2008 1:21PM

So what the hell is Ozzy advertising? Once it pops up I just close the window because every time I see it I click close and nothing happens. And before you say "ADBLOCK PLUS!!!", shut up. I shouldn't have to install add-ons to view a site properly.

ToRo @ Dec 4th 2008 1:51PM

I know dude. That shit is really getting on my nerves. And then it's not like if I can just close it. The damn thing still stays there after I close it! So I have to open and close the browser and hope it doesn't come up again.

And I have adblock plus and it doesn't work on ads that take up the whole screen.

CTC XBL-supapaypamawio PSN-ctclaw @ Dec 4th 2008 1:59PM

So I go to upvote your comment, and then I get this full screen ad about some pen! I click close, and it just moves the close button out of reach and makes me watch this video, I click close again and it does the same thing! WTF joystiq this is insane!

Pudge @ Dec 4th 2008 2:06PM

Come on, is it really that hard to take 30 seconds out of your day and remove ALL annoying advertisements from your web surfing? That's the only way I could browse this website without going insane.

Pudge @ Dec 4th 2008 2:08PM

@ToRo-Are you using any filters for ads? I have not seen any of these full screen ads on my visits. Try going into AdBlock Plus and applying the USA filterset (assuming you're in USA)

Courtney @ Dec 4th 2008 2:11PM

I've found just hitting refresh takes the ad away the fastest.

I user several computers throughout the week (depending on where I'm at) to read Joystiq and not all of them have adblock.

Lord Negatron @ Dec 4th 2008 2:29PM

AD BLOC-Oh...
*reads the rest of your post*
*walks away whistling an innocent tune*

Shagittarius @ Dec 4th 2008 2:42PM

Need Moar humming bird.

IslandLife @ Dec 4th 2008 3:49PM

Why don't I ever see these ads? I'm not using Adblock, just Safari on a Mac with "Block popups" turned on.

jaybcorreia @ Dec 4th 2008 1:38PM

so I guess its safe to place bets on who will get the MK franchise. Anyone?

ryan @ Dec 4th 2008 10:12PM

I hope Team Ninja or Namco can snatch it up, FIX EVERYTHING, and release it as MK: Rebirth.

But that would be a waste of everyone's time.

refinedsugar @ Dec 4th 2008 1:39PM

Mortal Kombat vs Bankruptcy Protection. Try that one on.

LaughingTarget @ Dec 4th 2008 1:42PM

A man walks into a bar. He says, "Ouch."

Courtney @ Dec 4th 2008 2:17PM

Two guys walk into a bar, the third one ducks.

JWC @ Dec 4th 2008 1:51PM

Sumner Redstone = fake person. No way that name is real. Or is it Sumner Treadstone???? >.>

Iwa @ Dec 4th 2008 2:01PM

I'd take his fake billions along with his ownership of Viacom.

Lord Negatron @ Dec 4th 2008 2:37PM

@ JWC

No no, its real. Like meteorologists with the most common names.

Sam Champion (NY)
Greg Gust (North Dakota)
Storm Field (NJ)
Johnny Mountain(LA)
Ray Ban (the Weather Channel)

Mr Khan @ Dec 4th 2008 2:05PM

Midway would work well as a subsidiary to a larger publisher anyway. They have a few good franchises that could help one of the big boys (Ubisoft, EA, and Activision) fight against each other

Nobody wants to buy Midway as they are, because the majority of what they make isn't worth looking at financially (or else they wouldn't be in such trouble), but someone could buy them and gut them down, leaving the Mortal Kombat team and perhaps one or two others intact