Today Sears filed for Chapter 11 bankruptcy. It's the same form of bankruptcy filed by Cumulus and iHeart. That means re-organization.
https://www.bloomberg.com/news/arti...business&utm_source=twitter&utm_medium=social
There likely will be more store closings and employee layoffs. But the company will continue to operate.
For many years, Sears was a regular advertiser in radio, TV, and newspaper. Not lately.
Just another example of how the collapse of traditional retail is hurting ad-supported media.
https://www.bloomberg.com/news/arti...business&utm_source=twitter&utm_medium=social
There likely will be more store closings and employee layoffs. But the company will continue to operate.
For many years, Sears was a regular advertiser in radio, TV, and newspaper. Not lately.
Just another example of how the collapse of traditional retail is hurting ad-supported media.