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Send to email | Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit] in 1Up2008 Electronic gaming summitEgmIndustryNewsziff davis media | By Brian Crecente el 20-May-2008 | 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 $57 million, leaving them with the cash flow to invest back in their products, which includes 1Up, EGM and GameVideos.
Sounds like Simon Cox, , Vice President of Content for the 1UP network, hit the nail on the head when he said they would be bigger, better, faster, stronger when they came out of the restructuring.
Stay tuned later today for reports on talks given to this small group by Microsoft's Jeff Bell;, analyst Michael Pachter; Tanya Giles, of MTV; and the always energetic Peter Moore.

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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Ziff Davis Limping Out Of Chapter 11 | | Once-proud publisher Ziff Davis has hammered out an agreement to get it out of bankruptcy protection. The upshot: $428 million in debt will get converted into new common stock and a new note "not to exceed $57.5 million." In addition, the company will have a $24.5 million fund to keep it going while it's in Chapter 11 - the court will be asked to approve the arrangement in June.
Full det [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 29-Apr-2008 by Silicon in General Read 8 times. More hits in  |
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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Print Version Of EGM May Be On Its Way Out [Ziff Davis] | | Ziff Davis may shutter Electronic Gaming Monthly, according to Jason Young, CEO of the ailing publisher. The company announced earlier this week it was shutting down the print version of PC Magazine, a publication that has been in existence for 27 years, shifting focus to its online sibling. A [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 20-Nov-2008 by Michael McWhertor in Ziff Davis Egm Electronic Gaming Monthly Magazines Things are tough all over Read 0 times. More hits in ![Images about Print Version Of EGM May Be On Its Way Out [Ziff Davis]](./images/photo.gif) |
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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Ziff Davis Tech Show Called Off [Digitallife] | | For a few years now, media company Ziff Davis - who among other things run the 1UP network - have run their own tech show, called DigitalLife, which while focusing on all kinds of consumer electronics also had a strong gaming slant. And yeah, it was no CES or E3, but it [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 22-Aug-2008 by Luke Plunkett in digitallife News Ziff Davis Read 4 times. More hits in ![Images about Ziff Davis Tech Show Called Off [Digitallife]](./images/photo.gif) |
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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Court Confirms Ziff Davis' Bankruptcy Plan [Industry] | | A U.S. Bankruptcy Court has OKed 1Up and EGM owner Ziff Davis' bankruptcy reorganization plans, the company said today, adding that it expects to emerge from Chapter 11 on July 1. ?The Court?s confirmation of our Plan is a major milestone for Ziff Davis as we look to emerge from Chapter 11 restructu [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 18-Jun-2008 by Brian Crecente in Industry 1Up Egm News Ziff Davis Read 0 times. More hits in  |
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| PC Magazine Goes Out Of Print | | Founded in 1982 and at times so rich with ads its issues reached as many as 600 pages, Ziff Davis's PC Magazine will issue its last print edition this January, thereafter becoming an online-only publication. Ziff Davis, which recentl [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 19-Nov-2008 by Alley In in General Read 0 times. More hits in  |
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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| EA Plans to Reup NFL License When it Expires [Nfl] | | Electronic Arts plans to reup their licensing deal with the National Football League in 2013 when their current deal expires, EA Sports president Peter Moore told attendee's of Ziif Davis' annual Electronic Gaming Summit.
Moore was quick to point out that it wasn't Electronic Arts that asked for [..] Read complete article | ![Subscribe to Ziff Davis Wraps Up Restructuring, Cuts Debt [2008 Electronic Gaming Summit]](http://www.weeklybits.com/images/yaaqui3.gif) | Published 21-May-2008 by Brian Crecente in 2008 Electronic gaming summitEaElectronic ArtsIndustryMaddenNewsNflPeter Moore Read 4 times. More hits in ![Images about EA Plans to Reup NFL License When it Expires [Nfl]](./images/photo.gif) |
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 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
 | Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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