I won't belabor this point, but I haven't seen this anywhere else on the site. I imagine some of you still have fond memories of when Midway was a decent publisher and would like to see them return to glory.

Anyway, Shari Redstone, daughter of famed media mogul Sumner Redstone, has resigned from her board seat at Midway (she was the chairwoman). The Redstone family plays a role in a number of different ventures, but the tie that binds it all together is their holding company National Amusements, which controls their ownership interests in CBS & Viacom and also operates a chain of movie theaters around the U.S. Recently, National Amusements has had some much-publicized difficulties regarding maintaining compliance with its debt covenants, which forced it to sell millions of shares of both CBS and Viacom. Some are speculating that taken in conjunction with the previous events, this resignation is perhaps the first step towards an eventual sale of Midway, who is desperately struggling and recently had to beg its parent for money to make it through the holiday season. In this M&A market, I can't imagine the company would fetch much of a price tag. This may be the beginning of the end for Midway.