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Ziff Davis Files for Bankruptcy

On March 8th, 2008 in Uncategorized -

zdm_int_logo.gifThis press release announces that Ziff Davis will be filing for Chapter 11 bankruptcy protection after the failure of “good faith negotiations with certain of its subordinated unsecured noteholders,” leading to an agreement to reorganize itself under Chapter 11.

There is also word that PC Magazine, 1UP and ExtremeTech employees will continue to be paid while reorganizing.

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