Ziff Davis Media Files For Chapter 11

Law360, New York (March 5, 2008, 12:00 AM EST) -- Ziff Davis Media Inc., the publisher of PC Magazine and Electronic Gaming Monthly, filed for Chapter 11 protection Wednesday in a New York bankruptcy court.

In announcing the filing, the prominent technology publisher struck an upbeat tone. The company said in a statement that it will continue normal operations while it undergoes restructuring and expects to emerge from Chapter 11 by this summer.

“Today's restructuring agreement goes a long way towards resolving the burdens of a debt load and capital structure established seven years ago, during...
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