New to Shacknews? Signup for a Free Account

Already have an account?

Video Game Release Dates 2024Elden Ring strategy guideShacknews Direct: Introducing Bubbletron!Destiny 2 Complete Strategy Guide
Video Game Release Dates 2024
Elden Ring strategy guide
Shacknews Direct: Introducing Bubbletron!
Destiny 2 Complete Strategy Guide

EGM, 1UP Publisher Ziff Davis Files for Bankruptcy
Nick Breckon
30
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.

Filed Under
From The Chatty
Refresh Go To Thread
  • atom519 legacy 10 years legacy 20 years
    reply
    March 5, 2008 4:35 PM

    I did not see this coming.

    • feek legacy 10 years legacy 20 years
      reply
      March 5, 2008 4:40 PM

      Me either. It would be pretty crazy if all the ZD stuff just disappeared

    • ProdigyXL legacy 10 years legacy 20 years
      reply
      March 5, 2008 4:51 PM

      There has been talk of this for months.

Hello, Meet Lola