CNM Short Takes
News | 01/24/2001 5:00 am EST
Itemus soothes investors over Shooting Gallery acquisition
In response to concerns in the U.S. over a round of layoffs at intended acquisition target Shooting Gallery, itemus inc, Toronto, released a mid-month press release to assure observers that the acquisition is still on track. No figures for the number of people let go were released, but itemus says the moves were necessary at the NYC-based new media producer to ensure a "path to profitability".