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1UP VP explains the positives of bankruptcy - That Chapter 11 thing...

Simon Cox, Vice President of Content for the 1UP network, writes:

"Yesterday Ziff Davis Media, of which the 1UP Network is part, filed for Chapter 11 in New York. 'Bankruptcy' is a scary word, and not something we would enter into lightly, but I want you all to know that this is actually - bizarrely- a rather positive step for us, and here's why:"

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Shaka2K63238d ago

1crap.com electronic gays microslaves and ziff davis will die soon.

I guess microsuck cant no longer afford to send them free laptops and checks anymore?

gamestop and the blogs like kocraptu and jokestig should ne next.

BrianC62343237d ago

Bankruptcy is a great thing. Everyone should file. Then you can stop paying your bills and maybe even start over.

I haven't read this thing yet but it's funny someone would try to explain how bankruptcy is a good thing. I don't see it. For a company it means delaying the obvious. Soon you'll be out of business. I hope they last long enough for me to finish my EGM subscription. It lasts through Jan. 2010. I knew I should have asked for my money back from my OPM subscription.

IGNFTW3237d ago (Edited 3237d ago )

I KNEW THIS WOULD HAPPEN,I SAID THEY WERE NEXT TO GO DOWN AFTER GAMESPOT,BUT WHAT DO I KNOW,I'M JUST AN UNBIASED GAMER WHO CAN SNIFF OUT THE ANTI-SONY SITES

BrianC62343237d ago

If you read the column he tries to spin it. I don't understand why they had to file chapter 11 though to do what he says they're doing. Letting the courts decide who will own what of the company. Maybe they can come out of it but Ziff Davis has been going downhill for a while. I don't know if people will be willing to give them money for the magazines anymore. And 1up.com is slow and boring.

Chubear3237d ago

Priceless, absolutly priceless XD

I swear this world has gone mad.