By Jennifer Wolfe:

Shim said R&H’s problems were “the fault of the industry as a whole” but added that the company’s financial management had been “a little lacking.” He has been on-site regularly at R&H’s offices and JSC appears to be the company’s preferred buyer in the upcoming bankruptcy auction.

Should the artist be worried about the health plan and all the other perks. Maybe? Those things are really expensive and first to go. Not closing R&H is one thing, keeping it running as it was is something completely different.