Ziff Davis, once the darling of technology magazine publishers, last week filed for Chapter 11 bankruptcy protection in the US, citing a decline in print advertising revenue as one of the reasons. MediaPost has the story. PaidContent rightly points to debt as the issue. On top of the considerable challenge of disruption, today’s media companies have to deal with the cost of debt. This was less of a problem with older media company structure, before the era of private equity.
US media co. on the ropes
Mark
March 10th, 2008 · No Comments
Category: Newsagency challenges · magazines
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