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Gameguru Mania News - Mar,06 2008
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Ziff Davis Files For Chapter 11
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(hx) 01:04 AM CET - Mar,06 2008 -
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Ziff Davis filed for bankruptcy
in the Southern District of New York today as part of a debt restructuring plan. According to the press release the move is designed to restructure the company in order to deal with nearly $400 million in debt. According to the press release, the company's operations will continue as usual. Ziff Davis has two gaming magazines (Electronic Gaming Monthly and Games For Windows Magazine) along with the 1Up.com network of gaming web sites that includes 1Up, FileFront, GameVideos and GameTab. It also owns the long running PC Magazine as well as the ExtremeTech web site.
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