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The economic crisis hits Sesame Street

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The economic crisis has hit Wall Street, Main Street and…Sesame Street? The New York City-based nonprofit Sesame Workshop, which produces the famous children’s show, announced plans to lay off 20% of its staff — about 70 employees. The workshop’s funding derives from licensing and syndication fees, government grants and philanthropy — all of which are slumping.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

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