We announced most of Midway was purchased by Warner Brothers and that the rest had to find buyers quickly or be shut down. This week was the deadline for the first studio, Newcastle, is gone. CEO Matt Booty showed up to deliver the news, but it seems that wouldn't really soften the blow.
The loss of parts of Midway is not a surprise as there were no interested buyers, but it is a disappointment for those of us who have been gaming for a long time. San Diego is still on the table, and if it can find a buyer in the next 50 days or so, they will be fine, but it seems they have the same fate just several weeks later.