Another restructuring. I know it is negative to see all the advertising company layoffs, and cutting back of publishers. But at least these companies are trying to figure out how to change to stay in business. This market surely won't turn on a dime, and to stay in business past the first and second quarters this year, they have to do
something.
It is interesting to note Mr. Pennington's (CBM's founder) comment "If the new strategy works, the company could show a modest profit quickly, possibly within a month."
I don't know if they can turn things around that quickly, but it at least does sound positive.
