Though Remark Media Inc. (Nasdaq: MARK) has taken steps to restructure, accountants doubt the media-property owner's ability to continue as a going concern or without threat of liquidation.

According to Remark's chief operating officer Bradley Zimmer, those initiatives include a realignment of the company's personnel, in conjunction with some layoffs, an acquisition and a new financing agreement to support the media-property owner's growth.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.