Facing Cash Crisis, America’s Largest Black Theater Company Suspends Programming

“Penumbra Theatre, the nation’s largest and most esteemed African-American theater, is suspending its programming and will offer no plays this year. Citing what it called ‘an immediate cash-flow challenge,’ the St. Paul-based company said it has laid off six of its 16 full-time employees, including associate artistic director Dominic Taylor, to help trim $800,000 from its $2.7 million budget.”

US Federal Judge Approves Settlement In E-Book Price Fixing Case

“Among other things, the agreement requires the publishers – Hachette, HarperCollins and Simon & Schuster – to abandon the pricing system that they had conceived with Apple before it released its iPad tablet in 2010. The change is supposed to come within the next week.” Apple and two other publishers reject the settlement and will go to trial.