Ziff Davis Files Bankruptcy, Gets $24.5M to “Restructure”
March 5, 2008Trade media company Ziff Davis has been in over its head for some time now. Things weren’t looking too good when the company lost Patrick Norton to Revision3 and sold off its Enterprise Division, and has seen a downward turn on the financial end, with debt restructuring and a seemingly damning decision to not pay its debt. Things have become even more dismal, with Ziff Davis electing to file Chapter 11 petitions for Bankruptcy, according to Paid Content.
Source
http://mashable.com/2008/03/05/ziff-davis-bankruptcy/
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