Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 10 March 2008 07:01

Ziff Davis Media files chapter 11

Written by David Stellmack
Image

Reorganization to exit Chapter 11 by summer

Former technology publishing power house, Ziff Davis Media, announced that it has filed Chapter 11 bankruptcy protection in the Southern District of New York Bankruptcy Court. With the growth of the Internet as a source for lightning fast news and reviews, traditional technology magazines have been taking a beating over the past couple of years as companies such as Ziff Davis have attempted to adapt to the changing market.

According to documents filed with the Court the company has reached agreements with the majority of its senior creditors, but was unable to come to terms with junior creditors. The company has roughly $500 million in liabilities and about $313 million in assets.

The company plans to reorganize and currently does not think it will have to cut the any of its 266 employees. The company is hopeful that it will complete the reorganization and emerge from Bankruptcy protection by the summer of 2008. Ziff Davis is publishers of the Electronic Gaming Monthly, as well as PC Magazine, and the popular technology Web site, Extreme Tech.

Last modified on Monday, 10 March 2008 07:42

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments