Just read this - its sort of ironic considering the recent reaction to various Wii reviews (and more):
http://www.nypost.com/seven/08162007/business/ziff_skips_payment_business_keith_j__kelly.htm
...and...
http://www.gametab.com/news/1006315/
The embattled tech media company - which has teetered on the brink for over a year as it tried to sell itself in pieces to get out from under a mountain of debt - said it skipped an interest payment due yesterday and was entering into negotiations with debt holders to restructure about $390 million in debt. The company, which once employed over 1,200 people, now has a staff of around 290 and is down to three magazines, including PC Magazine, Electronic Gaming Monthly and Games for Windows. It also owns 15 Web sites and a conference business. Over the years, Ziff Davis Media has closed more than 10 magazines, including Inter@ctive Week, Yahoo! Internet Life and ExtremeTech, as it repositioned itself to focus largely on digital content. |
...
Will people here be upset if 1UP (or EGM) goes under?
Gesta Non Verba
Nocturnal is helping companies get cheaper game ratings in Australia:
Wii code: 2263 4706 2910 1099