03-07-2008, 12:34 PM
Quote:Ziff Davis Media has filed for Chapter 11 bankruptcy protection. The publisher of technology and video game magazines cited falling advertising revenues in its print publications in filing for protection from creditors in the U.S. Bankruptcy Court in the Southern District of New York...
Ziff Davis' restructuring plan will go a long way in relieving a crushing debt load, said company CEO Jason Young. "Surely, the transition from a 100 percent magazine format to digital was challenging, but it's a great platform. Once we get to [a] final resolution, we're incredibly bullish on what we'll be able to do."...
full article: http://ecommercetimes.com/story/Ziff-Dav...61995.html
