Scout Media files for bankruptcy
Just came across this online, looks like Scout Media filed for Chapter 11 bankruptcy on Friday and is planning on selling what remains of the business. Since September, they've contacted 154 potential buyers, 20 of which were interested, but none of them put forward a bid. According to the article:
In papers filed in bankruptcy court, lawyers for the company have proposed a court-supervised process in which bids for Scout Media’s assets would be due Jan. 17. An auction would be held in Wilmington, Del., Jan. 19, with a hearing to approve the winner scheduled for the following week.
After the auction, the company is planning on winding down.
December 11th, 2016 at 9:15 PM ^
I've actually heard that filing for bankruptcy is a great business strategy.
December 11th, 2016 at 11:20 PM ^
December 11th, 2016 at 9:21 PM ^
If Sam finds his way over to 24/7 they'll have another subscriber right here. Steve & Sam would be a hell of a tag team.
December 11th, 2016 at 9:24 PM ^
This has very little to do with Sam, Tom Beaver, or Michigan football. If one has done any surfing of other teams' Scout blogs, most of them were dead or dying.