CEC Entertainment, owners of Chuck E. Cheese and Peter Piper Pizza, has filed for bankruptcy. The company reported $29 million in losses for 2019. From Reuters:
Chuck E. Cheese’s bid to boost sales through delivery apps under the name “Pasqually’s Pizza & Wings” earlier this year only created more problems, as many customers thought they were ordering from a local business.
As of Wednesday, 266 Chuck E. Cheese and Peter Piper Pizza restaurant and arcade venues were re-opened. The company expects to keep them open throughout Chapter 11 proceedings.
image: Dan Harkless (CC BY-SA 4.0)
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When Vancouver tech retailer NCIX went bankrupt, it stopped paying its bills, including the bills for the storage where its servers were being kept; that led to the servers being auctioned off without being wiped first, containing sensitive data -- addresses, phone numbers, credit card numbers, passwords, etc -- for thousands of customers. Also on the servers: tax and payroll information for the company's employees.
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I got my first Kíla album in the mid-1990s while I was going to university in Halifax, Canada. It was a big deal.
Lemme give you some background: my folks declared bankruptcy the week that I shipped off to school. The financial help I assumed would be there for me, wasn't. I watched, near penniless, as my fellows drank themselves into oblivion and got to know one another. I couldn't afford to participate. I couldn't afford the books from the extensive reading list I'd been given. The only thing that I had going for me was that I'd used my student loan to pay for a meal plan as part of my first semester's tuition. I quickly found the work I needed to get by, teaching music, doing audio/visual duty for the classes I was attending, rattling locks as a security guard and playing in a bar band to make ends meet. I was exhausted much of the time.
There wasn't a lot of room in my life for joy back then.
Around the middle of the school year, I received a letter from my mother. It explained that the she'd come by a coupon, good for $25 at HMV--a Canadian and British music store franchise. The thought of buying new music--new anything, really--at the time, didn't have a place in my head, given how hard it was to come by books or cover my day-to-day expenses. I've never listened to a lot of popular music. My tastes lean towards OG punk and Irish/Scots traditional music. Read the rest
Gawker Media was crushed by the $140 million legal judgment in Hulk Hogan's invasion-of-privacy lawsuit, which we now know was financed by a bitter and resentful Peter Thiel. Nick Denton's gossip news site Gawker.com published a sex tape featuring former wrestler Hulk Hogan, and the former wrestler (real name: Terry Bollea) sued with Thiel's help.
The publishing company is now putting itself up for sale, reports the New York Times, citing an anonymous source. Gawker Media Inc. filed for Chapter 11 bankruptcy on Friday “after a judge overseeing the suit against the company entered the full judgment and denied Gawker’s request for a stay under terms the company could meet.” Read the rest