Ziff Davis Chapter 11 Bankruptcy Filing
Ziff Davis filed for Chapter 11 bankruptcy protection following years of financial instability. The filing serves to freeze company debts and allow for refinancing under an oversight group while operations continue. Despite the legal status, the company remains in business and continues to settle outstanding payments with contractors.
ziff davis· chapter 11· bankruptcy· publishing· podshow· debt restructuring
00:01 Once again it's time for that program that has no music, no jingles, no commercials, no themes, obviously no talent, and certainly no agenda. Coming to you from an overcast United Kingdom in the Curry Manor, I'm Adam Curry. And I'm John C. Dvorak in sunny Northern California. You've been having a great week. Hasn't it been like in the mid-70s all week so far? It's hit 74 a couple of days. Oh, beautiful man. No, it's been dreary here. It really has. No good. Well, if it makes you feel any better, it's supposed to rain this weekend. love oh what and I'm not even coming to the city I mean that's when it's supposed to rain when I come yeah I know I they decided that maybe you are coming you don't know yes true what the hell do I know well I guess not dude what happened to Ziff Davis what happened they filed for a chapter 11 well that's you know something that's been you know they've been on and off to do that for last five years what was interesting to me is we had we
01:09 They caught, at least with me, they caught up with all our payments. I'm sure that was interesting to you. It was kind of a surprise so I figured something screwy was going on. I don't know the whole story yet. But they're still in business, it's just not like they're shutting down. Right, because I can say that we've certainly, as Podshow's been talking to them, we're trying to put a deal together and I was just like, you know, it's kind of surprising. It's like, oh, okay. I don't know much about Chapter 11, at least not the US version. I know about other versions. Well, Chapter 11 basically freezes the
01:51 uh... companies uh... did you presently put some do company into into a uh... tenant an oversight group pics do takes a look and they don't have to pay their bills for a while right so that's kind of a refinance essentially the whole thing in the airlines have done this numerous times and they can sometimes you know publishing companies i don't know how many of them come out of it uh... well but we'll see so and obviously near chapter eleven was you know some kind of uh... You know, to protect the assets, I guess. But that doesn't mean the company can't do business as regular, right? We can still do a deal with these guys? Because I think we actually would contribute and help them. Yeah, no, I think actually you're in a better position now. Ah, good. Okay. Excellent. Excellent. Excellent. Excellent. Hey, you know, so you sent me something.
