Updated Jun. 21, 2012 at 7:55 a.m.

Premium Lock Cary-based Capitol Broadband closing, cutting 89 jobs

Published: 2012-06-21 06:53:00
Updated: 2012-06-21 07:55:22

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Some of the firm's assets are being sold and some jobs will be retained. The company, founded by former Cary Mayor Glen Lang which also operates under the name Capitol Infrastructure, recently laid off two thirds of its employees. It filed for bankruptcy in April.

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This should provide some fodder to the armchair patriots who can't read past the headlines.

Sounds like a company that was destined to go bankrupt. It is fortunate to see almost half are going to move on the new business.

This would have been just the kind of business Mitt Romney would have shuttered, but rightfully so.
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