Print magazines about tech prove a bankrupt idea

Jason Young, CEO of technology publisher Ziff-Davis, couldn't solve the company's $225 million debt problem. That means a round-trip back to bankruptcy court, whiled it restructures yet again. What it has left to restructure is an utter mystery.

It's already sold off the database, market research, and enterprise group. All it's got left is PC Magazine, its game group (which recently restructured itself, merging print and online, to the mass confusion of all), ExtremeTech, and the DigitalLife conference. Young insists the company's making great progress. Why doesn't he just file for Chapter 7, the liquidation kind of bankruptcy? That seems easier.