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[7 Mar 2008 | No Comment | 326 supporters]

NEW YORK, March 5, 2008 – Ziff Davis Media Inc. (“Ziff Davis” or the “Company”), an indirect wholly-owned subsidiary of Ziff Davis Holdings Inc., announced today that it has reached an agreement with an ad hoc group of holders of more than 80% in principal amount of its Senior Secured Floating Rate Notes (the “Senior Secured Notes”) on the terms of a restructuring to reduce substantially the Company’s funded indebtedness.
In order to implement the restructuring and permanently improve its capital structure, Ziff Davis and certain of its affiliates today …