Nightly News | November 19, 2012
>>> there is also news tonight on a story that got a whole lot of national attention on friday and had people spending the weekend passing around recipes for home made twinkies and hoarding what they could find across the country. at its heart, though, this is a business story with a lot of jobs at stake. tonight, there may be a reprove for hostess and their 18 thousand workers. more outside of chicago, kevin, good evening.
>> reporter: hey, brian, well it would appear that all the screaming headlines and dire predictions about the demise of hostess food and of course all the snack foods we're all so familiar with. well, that may have been a tad premature, and hostess may have a longer shelf life than predicted. of course, they announced they were going bankruptcy and liquid eighting, that would have been the end of ho-ho, and wonder bread, all caused by lower revenues, high debt and a fight with the unions over wages and pensions. well, instead of being in bankruptcy court tomorrow the company and unions will be in mediation, trying to come up with a plan to save the company, despite the fact they have been negotiating now for almost a year. if the mediation fails tomorrow, brian, they will then go back to bankruptcy court on wednesday. and there will be a talk of liquidating this company. others have stepped in to say they may be interested in buying the hostess brand. but tonight, rumors of the hostess's death may be a little exaggerated.
>> kevin tibbles, on the food and jobs.