[Heeplist] The end of Classic Rock Magazine?

[Dave Crookham]

Here in Pennsylvania, any company of 50 or more employees has to give 60 
days notice to the state and employees if they are shutting down, so I guess 
it does vary state to state.

Dave

-----Original Message----- 
From: DAVID M SHERROD
Sent: Saturday, December 24, 2016 5:37 PM
To: Heepsters Mailing List (Travellers in Time)
Subject: Re: [Heeplist] The end of Classic Rock Magazine?

Not really, companies close down all the time in the states without paying 
the employees, normally the top investors and CEOs get their money first and 
what's leftover if any then will go to the employees. I remember the company 
next to us came in one day to find the locks changed and they never did get 
paid, but the owner didn't lose a dime. Though it differs from state to 
state but the rich get richer and the poor get poorer, as always the more 
you have the less you pay. DaveS

On December 24, 2016, at 12:29 PM, Dave Crookham <crookham at peoplepc.com> 
wrote:

How do they get away with not paying the staff for December? That would get
someone in deep legal trouble in the US.

Dave

-----Original Message----- 
From: Clive Arnold
Sent: Saturday, December 24, 2016 2:27 PM
To: Heepsters Mailing List (Travellers in Time)
Subject: Re: [Heeplist] The end of Classic Rock Magazine?

They are hoping to sell on the titles

It will be up to the insolvency  accountants to get the best deal for those
owed

Fingers crossed

On 24 Dec 2016 7:19 p.m., "Dave Crookham" <crookham at peoplepc.com> wrote:

> I've been a long time subscriber to Classic Rock Magazine, but see that
> their parent company Team Rock is apparently folding and laid off almost
> all the staff.
>
> http://www.nme.com/news/fans-react-metal-hammer-classic-rock
> -magazines-go-bankrupt-1919342
>
> For any of our UK buddies out there, how does this process work? The
> terminology is all different from what we use for bankruptcy proceedings
> here in the US :)
>
> Is there any hope someone will buy and continue publishing these mags?
>
> Dave
>
>
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