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.

Read more at CNBC.com