Questex Files for Chapter 11 Bankruptcy

B-to-B publisher Questex filed for chapter 11 bankruptcy. It handled publications in a number of industries, including "technology, telecommunications, beauty, spa, travel, hospitality, leisure, home entertainment, landscape design, building services and natural resources.":

In a statement this afternoon, Questex Media Holdings Group said it had reached an agreement with senior lenders to reduce the company debt and provide “significant financing” to continue operations. Questex says that day-to-day operations will not be affected by the filing or the restructuring, and no job losses or magazine closures were expected.

Its ad pages declined by about a third in the first half of 2009, compared to 2008.