APBNews.com, which reportedly went through $38 million in investors' cash before filing for bankruptcy in June and then selling its assets to SafetyTips.com for $575,000, has lost two key editors.

Executive Editor Hoag Levins and Managing Editor Ed Levine have quit, claiming that they and other members of the skeleton crew who have continued to operate the site have not been paid. Last year, the company, which focused on investigative crime reports, made an unsuccessful stab at expanding into television news

Source: Studio Briefing