Midway stalls for more time, still scrounging up cash
by Jason Dobson 
on Jan 16th 2009 10:00PM
After negotiating a small measure of breathing room last week and
delaying the payback of a portion of its staggering debt, fate has again smiled on
Midway. GI.biz now reports that the embattled publisher has again talked its way out of a corner, pushing back the deadline to repay the back end of the $150 million it owes to stakeholders until February 12.
We'll pause as execs take a moment to wipe the sweat from their collective brow. Still, we can't help but wonder if Midway wouldn't be waiting for shareholders to slip the noose around its neck in the first place if it had put the kind of energy into developing quality games that it has in delaying the company's
financial collapse.
