Liberal, KS

Now: 30 °F

Currently: Light Snow

Hi: 36 °F | Lo: 24 °F

Saturday

Hi: 58 °F 

Lo: 24 °F

Sunday

Hi: 64 °F 

Lo: 31 °F

Monday

Hi: 60 °F 

Lo: 28 °F

Tuesday

Hi: 52 °F 

Lo: 23 °F

Wednesday

Hi: 49 °F 

Lo: 34 °F

Twinkie Lovers Can Relax

KSCB News - November 19, 2012 8:34 am

The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.

Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho’s, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.

The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it’s asking the court for permission to sell assets and go out of business.

But with high brand recognition and $2.5 billion in annual revenue, other companies are interested in bidding for at least pieces of Hostess.

 

Latest Stories

Two Vehicle Accident Injures Hooker Residents

An Injury accident occurred On Thursday evening at approximately 7:56pm at the corner of Panhandle Street...

SCCC to Host Thanksgiving Meal

It’s a long-standing tradition at Seward County Community College to invite the community for Thanksgiving dinner,...

Thankful for a Seat Belt Campaign to Begin

The Thanksgiving holiday is one of the busiest seasons for America’s roads. With millions of drivers...