Thoroughbred Times ceases - in bankruptcy

04:10 AM 16 Sep 2012 NZST
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Thoroughbred Times, the semi monthly magazine that had a more than 100-year history through its predecessor, the Thoroughbred Record, was shuttered on Saturday and all 27 of its employees were laid off, according to Mark Simon, the editor of the magazine.

The magazine's parent company, Bow Tie Incorporated, informed the employees that they were being fired via letter delivered by Federal Express on Saturday morning, Simon said. The Times's Lexington office was locked and closed to the employees as of that morning, and the company has entered Chapter 7 bankruptcy.

To read the full article written by Matt Hegarty of The Daily Racing Form click on this link.

 

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