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Ziff Davis files for bankruptcy

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200px-PCMagCover Ziff Davis Media Inc. filed for bankruptcy this week, citing a decrease in revenue from print advertising and subscriptions as the main reasons. The company published PC Magazine and Electronic Gaming Monthly, among other technology and video game magazines.

To view a facsimile of the filing documents, go here: http://www.scribd.com/doc/2225960/Ziff-Davis-Bankruptcy-Filing

The Debtors’ highly leveraged capital structure prevented them from developing sufficient Internet publications in a timely manner to satisfy their subscribers’ demands.

Clearly, there is a lesson here for all print publications.

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  • CodeBubba
    Wow. ZD has been around almost as long as I've been in the industry.
  • JT
    They actually filed last week.
  • Proto732
    Well I guess all the guys that left ZD for Rev3 knew this was coming ... Jim, Patrick, Roger ...
  • srvctec
    WOW! Didn't see that one coming.
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