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.
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