Hostess is no more.
The company said that they cannot afford to continue to bake it's low priced treats while paying the wages of it's employees. The unionized employees counter that the top-heavy management was sucking the life out of the company.
So, we can argue that this is a brand that went into cultural irrelevance long ago in the quest for healthier food. You can say (and you'll likely be correct) that they aren't going anywhere because someone will buy the rights and start making them again. You could also say (and are likely correct) that they weren't very good to begin with.
But it is sad to have more lost jobs in this economy.
For the first time since I was about 13 I really want a Twinkie..