Wow, this is pretty crazy. So apparently media power house Ziff-Davis is somewhere between $500 million and $1 billion dollars in debt, so they’ve decided to throw in the towel and file for bankruptcy. Ziff-Davis is the parent company to popular magazines and web portals like 1UP, Electronic Gaming Monthly, Games for Windows and PC Magazine, among others. Of course, ZD has been responsible for a lot of other really cool things too. It’ll be interesting to see how this shakes things up.
Image provided by Nicole Lee.
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