It seems that every day we have something new to report about another company losing truck loads of money as the effects of the economy rear its ugly head in the video gaming world. Well, we wouldn’t want to break that streak now, so we’re bring you the next in a long line of companies that are reporting struggles during these dark times.

Midway announced the results for their third quarter earnings today and they seem to be consistent with the likes of EA and Activision. Midway’s overall revenue was up from the previous year from $36.7 million to $51.4 million which does make the news a tad bit lighter. However, the fact that they still lost $75.9 million is a bit more sobering.

Midway was recently given a $90 million loan from their owner, media giant Sumner Redstone. He mentioned at the time that he simply refuses to give up on Midway despite years of hardship and struggles. It is hard to imagine him not changing his tune a bit after seeing these numbers.

The biggest revenue for the company came from Xbox 360 releases (Unreal Tournament 3 and TNA iMAPCT!,) but Wii releases followed up in second. Midway, like others, is hoping to turn things around, and the release of Mortal Kombat vs. DC Universe this Sunday will hopefully mark the start of a change in fortune for this struggling company.