Say it isn’t so!! Red Lobster may be going away! What will we do without those delicious cheddar bay biscuits?? Red Lobster owners are planning a spinoff restaurant that will be more affordable for consumers. After experiencing a 31% drop in net earnings the company decided to halt any growth of their Olive Garden and Red Lobster restaurants. Dang, first Bennigans now Red Lobster!! Read the entire story here.