Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
WASHINGTON — Source Media Inc.’s auditors doubt the company’s ability to continue as a going concern, the firm reported in a filing with the Securities and Exchange Commission.
The Dallas-based interactive-advertising company said the auditors, in reaching their opinion, considered Source Media’s (SRCM) net loss, potential need for more funding this year for a joint venture and obligation to pay interest payments of approximately $5.3 million due on both May 1 and Nov. 1.
The company had revenue of $17.9
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in