EGM, 1UP Publisher Ziff Davis Files for Bankruptcy

by Nick Breckon, Mar 05, 2008 4:31pm PST

Related Topics – Games for Windows, Bankruptcy, Ziff Davis Media

Publishing house Ziff Davis Media announced today that it has filed for Chapter 11 bankruptcy due to mounting debt that now totals between $500 million and $1 billion.

Ziff Davis is the publisher of such well-known gaming standards as 1UP.com, Electronic Gaming Monthly, Games for Windows, and PC Magazine.

If approved by the court, the company will be tasked with restructuring its finances. An ad hoc noteholder group is planning to pay up to $24.5 million to keep Ziff Davis afloat during the Chapter 11 case.

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#6

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By: ease one x Show Full Post

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When you own mostly print magazines that mostly cover tech that people read about online.... you have a bad business.

Mar 05, 2008 4:41pm PST

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When you own mostly print magazines that mostly cover tech that people read about online.... you have a b... : ease one
Thread Truncated. Click to see all 20 replies.
- I'm starting a new blacksmithing business and I'm looking for investors. How much can I put you down f... : Porkasaurus
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  I call bull, EaseOne (though I respect your stance on this). There will always be a place for the printe... : wytefang
  - i agree : feek
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    I did not say print media was going away, or dead. I said when YOUR PRINT MEDIA covers subject matter ... : ease one
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      Link for proof that gamers "generally prefer to get their info on the web"? : Damodred
      
      www.shacknews.com : ArB
      
      #23
      
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      By: ease one x Show Full Post
      
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      Link for brain. I also never said gamers. I said PEOPLE WHO PREFER INFO ON WEB
      
      i think people who prefer to get info on the web prefer it on the web?
      
      What ever. They are more than FIVE HUNDRED MILLION IN DEBT. You tell me why.
      
      Mar 05, 2008 5:31pm PST
      
      Link for brain. I also never said gamers. I said PEOPLE WHO PREFER INFO ON WEB i think people who pr... : ease one
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      How are we supposed to read on the shitter? : Bull
      
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      Laptop + Wifi. It's what I do. : nudel
      
      thats kind of gross : feek
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    there's nothing inherent to a magazine that gives you more in-depth articles. In fact, the online space h... : derelict515
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      For whatever reason, gaming magazine features and previews seem (to me, anyway) to be more in-depth in th... : wytefang
      
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      you know those things in magazines like previews are just advertisements right? : ease one
      
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      Considering that I write for one, yeah, I'm aware that some magazines work their previews that way. Howe... : wytefang
      
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      Ah so you have a nice bias going on then? : ease one
      
      Or he could actually have some inside insight on what is going on... : Evil Benius
  - Why does having your work in print mean it is more in depth? It doesn't. Tech changes too quickly f... : rosewood
- to some degree. these mags have really old legacies though, the internet came second. I think they could ... : thebigbeefsandwhich
- I agree, and the important thing is by the time a magazine is printed on most of those subjects, it's out... : nudel

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