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  Penton to enter Chapter 11, restructure debt

  2/9/2010

  By Sean Callahan

  New York—Penton Media announced Tuesday that it has reached an agreement with its lenders to restructure its debt through a pre-packaged Chapter 11 bankruptcy plan.
  
  

  “This is an excellent outcome for Penton, because they’ll now be able to manage their company and take advantage of the transition work they’ve done to make it an information and digital media company,” said Roland DeSilva, managing partner at media investment bank DeSilva & Phillips.

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  L.A. Story: A Battle Between Old And New Media With A Surprise Ending

  1/27/2010

  By Ken Sonenclar

  After decades with less disruption than a German train schedule, Hollywood media is rocking from a tumultuous year of deals and reinvention.  Nothing less than the future of B2B publishing is playing out, and the story (spoiler alert!) has a surprise ending. Read More

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  Enquiring minds get news first

  1/22/2010

  By Andrea Sachs

  "The irony at this point is that the Enquirer, unlike its long-standing reputation, is really doing good journalism," said media-investment banker Ken Sonenclar, of DeSilva + Phillips. "Unfortunately, in this down market, the publication is suffering." Additionally, the market, which includes People and Us Weekly, is overcrowded.

  The days when the Enquirer could sell 8 million copies of an issue with Elvis in his coffin are gone forever. But there are still some encouraging signs, said Sonenclar.

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