Spoken Word Audio Distributor MediaBay to Deregister its Stock

Authored by Mark Hefflinger on January 19, 2007 - 1:38pm.

Cedar Knolls, N.J. - MediaBay, a distributor of spoken word audio content, announced on Friday that it has filed to deregister its stock and end its reporting obligations with the Securities and Exchange Commission (SEC). The company said it was eligible to do so under SEC rules because it has fewer than 300 shareholders of record. MediaBay expects the deregistration to become effective in 90 days.

 

Related Links:
http://biz.yahoo.com/prnews/070119/nyf059.html?.v=69
http://www.mediabay.com



Comments

Why

It seems legal and everything, but why did they do it? I hope they continue to distrubute spoken word, because I love it!

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