Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Ziff Davis Media, creditors reach agreement on Chapter 11 reorganization

Published on .

New York—Ziff Davis Media said Tuesday that it has reached an agreement with creditors on a reorganization plan.

The company said the plan will provide it with sufficient cash to emerge from Chapter 11 bankruptcy.

Under the terms of the agreement, more than $428 million in Ziff Davis Media’s funded indebtedness will be converted into new common stock in the reorganized company and a new note that will not exceed $57.5 million.

The company expects to exit Chapter 11 in June.

—Matthew Schwartz

Most Popular
In this article: