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Wednesday Mar 05, 2008
Ziff Davis Media Files for Bankruptcy
(image cred)
The publisher of PC magazine, the 1Up video-game network of sites and producer of the popular Digital Life consumer tech show has filed for Chapter 11 bankruptcy.
According to Bloomberg, it's not game over: "Ziff Davis Media said it plans to emerge from bankruptcy protection this summer. [CEO Jason] Young said in an interview that advertising pages at the company's technology magazines have decreased dramatically since a leveraged buyout by Willis Stein in April 2000."
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