Founded in 1917, the playhouse designated the state theater of California is out of money and will close Feb. 7 after the final performance of its current production of "Camelot," says Mike Boehm at the L.A. Times. Stephen Eich, the executive director hired last June, said "37 employees learned at a staff meeting Thursday that they would be out of work. The playhouse is essentially out of cash to continue running, he said, and faces more than $500,000 in immediate bills, plus more than $1.5 million owed on bank loans and other debts that have dogged the nonprofit company since the mid-1990s."
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