Posts tagged Redstone

Midway sinks further after Redstone escape

by Jason Dobson (Dec 4th 2008 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 ...

Redstone to sell Midway stake for $100K

by Jason Dobson (Dec 1st 2008 9:55AM)

The week begins with more bad news for financially-hobbled Midway. Just days after finding itself on the business end of a delisting notice from the New York Stock Exchange, the company's majority stockholder, Sumner Redstone, is now preparing to row away from the sinking ship entirely. According ...

Departing Midway CEO bullish on company outlook

by Kyle Orland (Mar 21st 2008 11:45AM)

Having to fire a CEO is never a good sign for a company, especially when that company has recently seen massive losses and a board restructuring. But there's still one person willing to defend Midway's business strategy, and that person is, surprisingly enough, departing CEO David Zucker. To be ...