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Letter to Creditors Reveals Cash Flow Woes
BOSTON–CC and D Communications, a fixture on the Boston ad scene for 18 years, is looking to make deals with its creditors to avoid filing for bankruptcy protection.
Some vendors owed money by CC and D have received a letter from agency president Peter Kostopoulos, a copy of which was obtained by Adweek.
“The inability of [some clients] to pay the invoices due . . . has caused an imminent and severe cash flow problem,” the letter states.
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