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US: Phonebook pubs make bankruptcy move to merge, save business

By  |  March 18, 2013

The struggling market of phonebooks, once an essential staple of communications yet now seen as obsolete in today’s digital world, has seen its latest plan of action as Dex One Corp. and SuperMedia Inc. have both filed for bankruptcy ahead of their planned merger. The two exited court protection about three years ago. The merger will save the two a reported $175 million a year. Dex One reported $2.84 billion in assets and $2.79 billion in debt; SuperMedia reported $1.4 billion in assets and $1.9 billion in debt.

 

Full Content: Bloomberg

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