Story in the NYTimes this morning that Ziff Davis, hobbled by debt and crushing declines in the tech advertising market, will probably go Chapter 11 this week. At one time, Ziff Davis also owned a thriving events business that included Comdex, which it spun off and is now called Key3Media. So, should Ziff have kept the events biz? Umm, probably not; it’s being delisted from the NYSE today. That’s what happens when you’re trading at 5 cents.
Fortunately, Ziff doesn’t owe me any money, though I do have an assignment from them, which I probably need to inquire about.