RONCO Goes Bankrupt!

The NY Post claims Ronco, the late-night infomercial company that Ron Popeil founded in 1969, and then sold in 2005 for $60 million, filed for bankruptcy late last week. Ronco is famous for making such infomercial products as Veg-O-Matic, the Showtime Rotisserie Oven, the 5 Minute Pasta Wizard, Mr. Microphone and the Beef Jerky Machine.

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