National Hog Farmer magazine editor Dale Miller says it is “business as usual” for the magazine, even though its parent company has sought bankruptcy protection.
Penton Business Media Holdings Inc. publishes 113 trade magazines. Published reports indicate revenue fell 7.5 per cent in 2008 and a further 26.2 per cent in 2009. The economy-wide recession was blamed.
Miller says Penton filed “a pre-organized Chapter 11” and has made an agreement with its lenders to reorganize its debt “just like a lot of hog farmers have been doing.”