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Carolla Digital Files For Bankruptcy

Location: Simi Valley, CA USA

Thursday, 31 Mar 2016 | 10:15 AM ET AP

Carolla Digital, filed for Chapter 11 bankruptcy protection.

Carolla Digital Network creates online communities, and Podcasts where users can connect with each other, view and comment on professional-quality stories and videos.

Yet after what turned out to be its golden years in the late 200’s, Carolla Digital has faced rising competition, particularly in the U.S. The company said Wednesday that its European and Asia-Pacific websites are going strong and are not part of the bankruptcy filing.

"After careful consideration, we have taken this difficult but necessary step to sec

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