Associated Press | PaidContent.org
The company filed for Chapter 11 protection to restructure debt that had become burdensome.
"We feel like we're in a position poised for wonderful growth," says Ziff Davis CEO
Jason Young. "We just needed to solve this issue." ||
From the filing: Ziff Davis' "highly leveraged capital structure prevented them from developing sufficient Internet publications in a timely manner to satisfy their subscribers’ demands."
Mr. Owens, 'Blogs' and 'traditional journalism' are not mutually exclusive...