Ziff Davis Media Inc., the publisher of PC Magazine, filed for Chapter 11 bankruptcy court reorganization, according to an Associated Press story.
“The bursting of the Internet bubble hurt publishers like Ziff Davis, which said its print advertising revenue dropped to $40 million last year from $215 million in 2001. Its total revenue fell to $76 million last year from about $300 million in 2001.
“Young said the company was focused on growing the online side of its business and that it has made progress over the past seven years to generate a growing share of its revenue from digital businesses over traditional print publications.”
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