Ziff Davis Media declares bankruptcy - What will happen to PC Mag SG & EGM SG licenses?
Ziff Davis Media, the licenser for print titles like PC Mag, EGM, etc has filed for bankruptcy.
Wrote Ziff Davis Media,
In order to implement the restructuring and permanently improve its capital structure, Ziff Davis and certain of its affiliates today elected to file Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). The Company intends to implement the restructuring through a pre-arranged plan of reorganization that the Company shortly intends to file. The Company intends to seek Court approval of the pre-arranged plan as soon as possible. Ziff Davis expects operations to continue as usual during the reorganization process and expects to emerge from Chapter 11 this summer.
How will the bankruptcy affect Communication Resources and MediaCorp Publications which publishes the Singapore version of PC Mag and EGM respectively?
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Thanks for adding it to your Feed, Jason.
I been searching the web, but I can’t find any statement if ZD Media’s overseas licensees will be affected by them declaring bankruptcy.
Do you have any opinion on this?