As the World Whimpers: Source Interlink Goes Bankrupt

614 Views
Ducati Minor on Tue, 04/28/2009 - 20:31
Filed Under: Noteworthy, Media / Marketing, Tuning, Misc
Leave a Comment (4)
Thumbs Up (+0)

Bloomberg News is reporting that Source Interlink, the large conglomerate behind Motor Trend and Hot Rod magazine, will be filing for Chapter 11 bankruptcy protection. A Delaware court will be handling the proceedings for a restructure in order to make it financially viable for future publishing operations. Source Interlink retired several of its smaller publications over the past year due to increasing losses. What's striking: the publisher has nearly two billions dollars collected in debt, almost totalling the enterprise's net worth.

The downturn was expected; the magnitude of the debt crisis wasn't. The company proudly boasts of having seventy-five magazines and companion sites under its ownership. That'll likely change as low-volume niche publications are sold off or simply retired. (There isn't a real demand for them right now.)

Chances are no one's banking on High Performance Pontiac having a long, thriving future.

Hilarious.

Comments

chartguy

I hope we're not seeing the future of nextautos/WindingRoad.

http://www.nextautos.com/whered-everybody-go

Tue, 05/12/2009 - 18:35
- Login or register to post comments

wallace530

good post,I think so!abercrombie and fitch on Sale, Hoodies, Jeans, T-Shirts, Pants, Polos abercrombie and fitch abercrombie fitch abercrombie cheap abercrombie and fitch Abercrombie Men Tee abercrombie womens polos abercrombie and fitch Men, women, and children's clothing. abercrombie and fitch , abercrombie and fitch and abercrombie and fitch
fashion is bold and interesting, all thanks to the interestingand original designs of Don ed hardy . The bold patterns and loud colors of the ed hardyclothing line help anyone to stand out and add an interesting piece totheir wardrobe. Those who are looking for a rock edge will find that ed hardy clothingdresses are the perfect piece for their next night out on the town, orday trip to a restaurant.
The rectangle shaped face needs links of londonjewelry that adds width and camouflages the length of the face. A highchoker reduces the length of the face, particularly if the neck is toolong. In addition, a 16¡å or 18¡å necklace that ends in a ¡°U¡±flatters this face. Long hair and narrow links of london is perfect match which can impress others as a fair lady. Fancy clothes coordinating links of london with slight tint could be better.
Provides the best tiffany jewelry,including Necklaces, Pendants, Bracelets, Earrings, Rings at the lowestprices.tiffany jewellery is the best online United Kingdom jewelrystores where you can buy the cheapest tiffany jewelry Co silver jewelry. Our huge selection of tiffany uk and tiffany jewellery and tiffany jewelry.

Wed, 09/16/2009 - 02:59
- Login or register to post comments