New York-based Ziff Davis said in a court filing that it had about $500 million in liabilities and $313 million worth of assets, as of the end of December. Ziff Davis is the publisher of PC Magazine, PC Mag, Electronic Gaming Monthly and web versions of those magazines including 1UP.com, Filefront.com and Extremetech.com. The company reaches 26 million consumers through 16 Web sites, three magazines and direct marketing. It is a remnant of a publishing empire established in the 1920s by William B. Ziff Sr. and Bernard G. Davis, who introduced such titles as Popular Aviation and Popular Electronics. "We feel like we're in a position poised for wonderful growth," Ziff Davis Chief Executive Jason Young said Wednesday. "We just needed to solve this issue.".

AP