I hear lots of rumors. Usually, I don’t take them seriously until I hear them from more than one source.
According to the most recent rumor—which I’ve now heard twice—we are planning a layoff for June 19th. The rationale, I am told, is that InterMedia, our new capital partner, is wanting bigger profits. The only way to get these profits is to cut expenses. We are scheduled to close the transaction on June 12th, so, supposedly, this will happen the week following.
I want to assure you that this is indeed a baseless rumor. There is absolutely no truth to it.
No one speaks to InterMedia more than I do, and I have never had such a discussion with them. It has never come up. Other than the usual administrative stuff, most of our discussions have been been focused on how we can grow the business together to fulfill our mission as a Company.
If you hear this rumor, I would be grateful if you would help me short-circuit it. You can tell ’em it’s not true, and you heard it directly from me.