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Übercargeek
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After killing off their Sport Compact Car ( http://my.is/forums/f104/february-09-last-issue-sport-compact-car-magazine-375393/ ) and Turbo & High Tech Performance ( http://my.is/forums/f104/turbo-magazine-no-more-376271/ ) magazines, now the whole Source Interlink parent company is in Chapter 11 bankruptcy.

REPORT: Source Interlink, parent co. of Motor Trend, Automobile, Hot Rod, files for Chapter 11
by Damon Lavrinc - Autoblog

Source Interlink, the mega-publishing firm that owns Automobile, Motor Trend, Hot Rod and dozens of other enthusiast print and web titles, filed for Chapter 11 bankruptcy protection in a Wilmington, Delaware court yesterday. According to the filing, Source Interlink has a listed debt of $1.9 billion and assets amounting to $2.4 billion, and in a statement from Greg Mays, Source's CEO said "This restructuring will materially reduce our interest expense and debt levels."

The filing comes at a time when first quarter advertising revenue in magazines has plummeted by 20% compared to last year, and the pinch began to be felt by enthusiasts late in 2008 when Source Interlink killed off Sport Compact Car and Turbo and High Tech Performance, two of the company's most respected – although recently unprofitable – titles. It's unclear how the restructuring will affect the 75 publications, 90 websites and other media outlets under the Source Interlink banner, but it's safe to assume that more titles will likely be dropped, consolidated, or otherwise restructured in the future as the company attempts to right a ship that's been sinking for the last few years.

REPORT: Source Interlink, parent co. of Motor Trend, Automobile, Hot Rod, files for Chapter 11
 

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Automobile has become a shadow of its former self. The newest issue left much to be desired. Never liked MT, and I found it odd that of all the Japanese enthusiast magazine, the best one was the one that got killed off...though I thought SCC was Primedia? Ah well. As long as et and ec stick around, I'll be good.
 

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Übercargeek
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...though I thought SCC was Primedia?
It was, as were Motor Trend and Automobile. At some point, though, Primedia sold them to Source Interlink.
 
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