Dex Media, Inc. Filing for Bankruptcy Protection

For the third time in seven years, Dex Media Inc., one of the country’s largest phone-book publishers, is filing for bankruptcy, according to a Wall Street Journal article by Matt Jarzemsky.

The bankruptcy comes after efforts to shift the business to better compete digitally reportedly came up short. The company currently owes creditors a total of $2.3 billion, and will reduce its debt by over $1 billion in a chapter 11 bankruptcy restructuring that will start next month.

The author, Bob Ottaway, is President and Founder of Ottaway Digital.  Established in 1999, it has been a pioneer in SEO, digital advertising & social media since 2006.  

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