Tuesday, May 20, 2008

Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]

Ziff Davis Wraps Up Restructuring, Cuts Debt Back in March 1Up promised that all of that nasty business with parent company Ziff Davis' bankruptcy would soon be behind them and that they would be a stronger publication for it. Today, speaking at the 11th Annual Electronic Gaming Summit, Ziff Davis Media CEO Jason Young told the gathered summit members that the restructuring process will be wrapped up in June. More importantly, he noted that their $400 million debt will be reduced to a paltry