Crain's New York Business reports that Bedford Communications Inc. has filed for Chapter 11 bankruptcy protection. Bedford publishes Laptop Magazine and several buyer's guides. According to the filing, Bedford has liabilities of from $1 million to $10 million, and between 50 and 99 creditors. They include Laptop's printer World Color (USA) Corp., which is owed more than $900,000, and the magazine's paper supplier, Gould Paper Corp., which is owed nearly $800,000.The tech magazine category is one of several print media categories that are struggling. Technology publications in particular are struggling because there is a vast amount of similar content available free online.
Bedford also owes its landlord, LH Charney Associates, nearly $500,000 in rent.
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