Sunday, January 15, 2012

Next Media Animation on the Hostess Cakes bankruptcy

I'll have more on Mitt Romney and Bain Capital and their business practices later. Tonight it's time to watch Next Media Animation's No more Twinkies? Hostess cakes declares bankruptcy.

Is this the end of Twinkies? Hostess Cakes, the maker of Twinkies, Ding Dongs and Wonderbread, is declaring bankruptcy.

The Twinkie has been a favorite snack since it was invented in the 30s. Its purported shelf life is legendary. Some believe that Twinkies never go bad. Hostess Cakes says this is not so and that Twinkies should only sit on the shelf for a couple of weeks.

Hostess Cakes says the rising cost of flour and heavy pension obligations did it in. But some believe Hostess is declaring bankruptcy to wiggle out of pension fund obligations.
Number one on the list of people who think it was about the pensions is the author of Hostess Brands Goes Bankrupt (Again), Stiffs Workers For a Billion on Daily Kos. I suggest you read it for more detail on the history of the company. As for Twinkies and the rest of the baked goods put out by Hostess Cakes going away, advocates of healthy eating could only wish.

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