CNN/Money's Chris Morris takes a look at Atari's plans to cut staff and sell off studios, an attempt to turn around its dire financial situation, in his always excellent weekly Game Over column. How dire is the situation? Well, they've bled $63 million in losses over the past three quarters, even publicly stating that Atari itself has "substantial doubt about the Company's ability to continue". Wow.

Could the parent company, Infogrames, being out of touch with its American division be the cause? Could it be the string of average-at-best releases spewing forth from Atari? Could a giant console manufacturer/publisher swoop in and grab up the brand and IP?

So many financial analyst predictions! So much corporate drama! It's all just so exciting!

Atari creeps closer to death [CNN/Money]

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