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February 2, 2012 Troubled Times at Game Maker THQ
Five 
years ago THQ was one of the videogame industry’s biggest publishers. Today, the company is struggling to stay afloat.
The troubled game maker is facing a possible delisting from the Nasdaq stock exchange, announced the layoff of 240 employees Wednesday and slashed its CEO’s salary in half for the next year as sales have plummeted. Further, last week the company announced plans to abandon the once lucrative children’s licensed games business to focus on titles for a core audience.
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- Posted under CNBC
February 2, 2012 Analysis: What’s next for THQ?
Troubled 
publisher THQ is massively reorganizing itself yet again, but is the elimination of its licensed kids’ games and 240 members of its staff enough to convince shareholders that the company means it this time?
The cloud hovering over THQ’s corporate head got a lot darker Wednesday – and the long-term forecast is pretty uncertain.
While there’s certainly nothing happy about 240 employees losing their jobs and it’s never a good sign when a CEO slashes his own salary, the actions could be the start of what THQ needs to do to ensure its long-term survival. But they may not be the end.
Tags: gamasutra, thq, thq troubles, thqi, warhammer
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- Posted under Gamasutra
With over 20 years of journalism experience under my belt, including senior management roles at CNN, Yahoo! Finance and Forbes, I'm now a freelance writer and editor, specializing in video games, consumer electronics and personal finance matters. My current clients include CNBC, Variety, Yahoo!, Official Xbox Magazine, Common Sense Media, Coast 2 Coast Radio Networks and more. 
