Cross Media Marketing Corp, AKA CMS etc. A New York based firm with offices in several states including (Kennesaw) Georgia has filed for Chapter 11 bankruptcy protection and has fired 300 of it's Kennesaw staff.
Cross Media's President is Ron Altbach, Deana Nilsen is head of Human Resources and is based in Kennesaw.
The company is a direct marketer and seller of magazine subscriptions whose telemarketers make between $10-12 an hour. Employees will be given five days pay.
Cross Media (CMS) combined traditional direct mail, telemarketing and e-mail to sell magazine subscription packages, discount club memberships and telecom services. It also marketed coins, collectibles, exercise equipment and videos.
60 collections, customer service and accounting employees will remain indefnitely to tie up loose ends but will also be let go when the company closes the Kennesaw office.
Cross filed 6/16/03 for Chapter 11, the day of it's first installment of $350,000 FTC civil penalty was due.
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