By Molly Hagen and Mollie HagenPosted May 19, 2018 07:18:16Verizon Business Wire, the parent company of Business of Fashion and The Family Business magazines, announced it has filed for bankruptcy protection in Maryland.
The company’s website says that it has been in a Chapter 11 bankruptcy auction since April 6.
The company’s bankruptcy filing comes just weeks after it announced a deal to acquire the online business, The Family.
Verizon is the largest wireless carrier in the U.S., with over 500 million customers and a revenue of $6.7 trillion.
The Family Business magazine was launched in 2012.
Verzion has a long history of bankruptcy filings.
It filed for Chapter 11 protection in 2008 and again in 2014.
In 2016, the company also filed for a Chapter 9 bankruptcy.