Tuesday, February 26, 2008

Daily News update 2/26

Hi folks,

The rollercoaster continues. There have been many rumors floating, but I must stress that there's nothing definite. Kerry and I met with Ron today and asked for an update-- he was unable to give us much. We expect there will probably be a staff meeting called Wednesday afternoon and that they will offer buyouts, but this is not certain. I wish I had some news to offer, because I hate this confusion and darkness as much as everyone, but all I can say is that as soon as we hear anything, we'll let you know.

We've worked up a final draft of a letter to the publisher asking him to consider the deep impact upon the staff and the product, which we will circulate for signature tomorrow and will formally request a meeting to ask for the plan going forward. We will not sit idly by as this happens, but will try to engage the company and find the least painful way out.

Hang in there,


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