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Wednesday, October 14, 2009

Theater Always Be Closing

Posted by Brendan Kiley on Wed, Oct 14, 2009 at 5:00 PM

Shakespeare & Company, central to the artistic life of the Berkshires for more than three decades, is facing a cash crunch so severe it would need to raise $2.3 million just to survive until next March and could be unable to meet its payroll as soon as this month, according to a report released today.

Leaders of the Lenox-based company acknowledged the crisis after the release of a 37-page report from the Nonprofit Finance Fund, a service agency that examined Shakespeare & Company financial books and laid out a stark picture of the organization. It is saddled in debt and has built up an accumulated deficit of $4.75 million over the last five years.

The organization’s liabilities now exceed its assets by a ratio of almost seven to one, according to the report.

Thanks to Slog tipper xom.

Comments (5) RSS

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First prize is a Cadillac Eldorado. Anybody want to see second prize?
Second prize is a set of steak knives.
Third prize is you're fired.

Posted by Urgutha Forka on October 14, 2009 at 8:44 PM

Pretentious socialist artsy fartsy fucks. They'll probably ask for a bailout from the NEA so they can keep producing communist inspiring work.

Posted by Lord Basil

on October 14, 2009 at 10:52 PM

Pretentious socialist artsy fartsy fucks. They'll probably ask for a bailout from the NEA so they can keep producing communist inspiring work.

Posted by Lord Basil

on October 14, 2009 at 10:53 PM

Yeah, L.B. Shakespeare was such a Commie/Pinko, even his Godly-appointed sovereign, the Uber-Capitalist Q.E. I wouldn't allow his work to be exhibited in her sight.

Um, oopsie on that.

But, thanks for playing. We'll send you the home version of the game.

Posted by COMTE