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According to DotcomScoop, “Magazine publisher Ziff Davis is close to filing for Chapter 11 bankruptcy protection, according to a report in The New York Times. The filing would not be a surprise considering ZD has been in constant negotiations with its lenders for the past six months. The company is short on cash, long on debt and nowhere near as big as it once was. ZD’s bread and butter is still PC Magazine, but it’s had to shutter six titles this year, including Yahoo Internet Life.” Check Dotcom Scoop for regular news about the new media industry.

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