Ziff Davis Files Chapter 11

The parent company to such publications as Electronic Gaming Monthly and PC Magazine, Ziff Davis, has filed for voluntary Chapter 11 in order to restructure their debt.  The decision to file was reached by a group of concerned investors as well as senior management.“Importantly, as part of the restructuring, the ad hoc noteholder group has agreed to set aside up to $24.5 million to fund the Company’s operations during the Chapter 11 case as well as after the Company emerges from Chapter 11. These funds,

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