Source Interlink, Publishers of Soap Opera Digest and Weekly, to File for Bankruptcy

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Another day, another sad headline for the magazine industry. The New York Post is reporting Source Interlink, is expected to file for Chapter 11 Bankruptcy protection.

SoapOperaDigest

According to the article, the move will help Source Interlink get out from under almost $1 billion in debt, mostly stemming from the company's acquisition of Prmedia's Enthusiast Media Group, which held Soap Opera Digest and Soap Opera Weekly, among other titles.