Sovereign City Officially Closed
January 6, 2009 at 7:24 AM (PT)
ALL ACCESS reported yesterday (NET NEWS 1/5) that GREEN BAY, WI-based syndicator SOVEREIGN CITY COMMUNICATIONS had declared bankruptcy. The network was host to JIM & DEBBIE and WENDY IN YOUR OASIS, among others. TODAY, it was announced by a representative of SOVEREIGN CITY COMMUNICATIONS that the enterprise has officially elected to cease operations.
SOVEREIGN CITY’s decision was based upon the volatility of the economic circumstances during the past year. These circumstances left the company with no current revenue stream and no prospects for near-term future growth.
The company’s attorney, GREGORY B. GILL, SR. of APPLETON, indicated that each employee will be offered outplacement services and the opportunity to participate in a severance arrangement in order to assist former employees into their transition to search for new employment. He also confirmed that due to the small size of the employment contingent, which is approximately 40 employees, the 60-day closing notice required under federal or state law for larger companies did not apply.