THURSDAY, MARCH 6, 2008
Associated Press | PaidContent.org
The company filed for Chapter 11 protection to restructure debt that had become burdensome.
"We feel like we're in a position poised for wonderful growth," says Ziff Davis CEO
Jason Young. "We just needed to solve this issue." ||
From the filing: Ziff Davis' "highly leveraged capital structure prevented them from developing sufficient Internet publications in a timely manner to satisfy their subscribers’ demands."
Posted at 8:19:12 AM
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