Take-Two Cutting Jobs

Take-Two, or "the firm behind Grand Theft Auto" as the mainstream media knows them, has announced that significant impending job cuts to help turn the tide on the scandal plagued, money-losing game publisher.

The firm behind popular computer game Grand Theft Auto has said it will have to cut jobs as it seeks to reduce costs by $25m (£12.6m) a year by 2008.

The announcement came as Take-Two Interactive Software posted a wider-than-expected loss of $51.2m for the past three months of the year.

Read more on the BBC.