Scout.com: Scout has been “hit with an involuntary Chapter 11 petition in the US Bankruptcy Court”. Scout has 21 days to respond or would make the bankrutcy official. According to TheStreet.com three primary creditors are owed nearly $800,000. Scout Media President responded to TheStreet via email by saying, “We have no comment at this time other than to say Scout’s best-in-class network of publishers will continue to provide the premium content and dynamic communities that our millions of users know and love.”
Yep, they’ve got some questionable leadership.