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Sad Day: Ziff Davis files for Chapter 11
power-glove \| 4:21 PM on 03.05.2008	8 comments

The media group responsible for the 1up Network, Electronic Gaming Monthly, Games for Windows magazine, Ziff Davis has filed for chapter 11, according to foliomag. According to the article, Ziff-Davis is currently 400 million dollars in debt. I really hope for the best for the people at that company. There are some fine writers that work there and without them we would not get gold like this:

Good luck to the employees at the 1up Network on their road to recovery.

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8 comments | showing # 1 to 8

razerangel

I don't think its them saying ok we give up. It them saying oh dude we gots some mad debtz! They seem to be trying to reduced and/or restructure this debt so it may involve lay offs but not the entire company being shut down. Hopefully not too many people will have to leave its a great network :(!

blehman

Today must be the saddest day EVAR. :(

power-glove

Yeah, I know it's not the end of the company but this type of news is definitely not good

king3vbo

Its part of their restructuring precess they are going through, so its not like they are dissapearing. Its bad news though, I love the Ziff Davis group. They've given us 1UP YOURS and the amazing Shawn Elliot... and cant forget EGM, the only good game magazine left.

ArrestedDeveloper

I hope the podcasts aren't affected. If so let it be shane.

Redzie

JUST PLEASE TAKE GAMEINFORMER INSTEAD!!! WHY GOD??!!??!

NihonTiger90

It's not the end for ZD. They're basically just reorganizing to get out of debt.

power-glove

Nihon, I know that.

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