Publisher Cygnus Business Media Files For Ch. 11

Law360, New York (August 5, 2009, 5:01 PM EDT) -- Publisher Cygnus Business Media Inc. has filed for Chapter 11 protection, becoming the latest media-industry victim of the global financial crisis.

Judge Brendan Linehan Shannon on Tuesday ordered the case in the U.S. Bankruptcy Court for the District of Delaware to be jointly administered under a single case number with the bankruptcies of two affiliated Cygnus entities and parent company CommerceConnect Media Holdings Inc. The Cygnus entities filed their petitions in the court on Monday.

The company expected the Chapter 11 filing to have no impact...
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