January 11, 2001 4:30 PM PST
Short Take: Net media company seeks bankruptcy protection
Online media company Audiohighway.com says it has filed for bankruptcy
protection because it was unable to attract additional funding or a
strategic partner to maintain normal operations. The Cupertino,
Calif.-based company, which offers free audio content, filed for Chapter 11
in the U.S. Bankruptcy Court for the Northern District of California in San
Jose, Calif. In November, Audiohighway laid off 21 of its 30 employees.