Wednesday, February 17, 2010
Penton Media Files for Bankruptcy
The publisher, Penton Media, will reorganization under Chapter 11. Penton Press is the parent company of such trade magazines as American Printer and Paper, Film & Foil Converter magazines. The publisher had more than $1 billion in liabilities and the assets reported were between $500 million and $1 billion, according to court documents.
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2 comments:
....another one bits the dust. Very difficult environment as well. Very good write ups, I enjoy reading these releases
I understand Penton will now restructure and come out of bankruptcy in record time. I assume the unsecured creditors got killed! But, a publisher lives on to produce magazines.......
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