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Don wrote:
Joe,
I think that's what the article said in the url. Did you look at it?
Yeah, I read that article. And the comments. And I read this one:
http://www.graphicartsonline.com/article/448981-Printers_Owed_Money_in_Penton_Bankruptcy.php
In that one the second tier creditors will probably hear a final ruling
in March, but that they'll probably get 15 cents on the dollar.
I also read the Reuters article:
http://www.pehub.com/63362/trade-publisher-penton-files-for-bankruptcy/
The majority of the other articles on the net are simply aggregations of
one of these three.
None of them say anything about "well into coming out of it". Once
again, it's a pre-pack Chapter 11 announced on Tuesday that should make
it through the courts in the next 30-45 days, depending on who you
listen to. From what I can read, they're really unloading debt
pertaining to their printed magazines with an eye towards digital
publishing, but we'll have to wait and see what that means.
Joe
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