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Midway board names Booty chairman

Publisher's president and CEO replaces Peter Brown who leaves over "personal reasons"

Midway Games has announced that its board of directors has appointed Matt Booty as the company's new chairman in addition to his current roles as president and CEO.

Booty, appointed CEO and president in October following seven months of holding the titles as interim positions, replaces Peter Brown who resigned over "personal reasons".

The faltering publisher has come under pressure to pay off debts that would see the company default under the USD 240 million sum, after Sumner Redstone sold his 87 per cent stake in the company to private investor Mark Thomas for USD 100,000.

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James Lee