Key3Media files for bankruptcy protection

— 12:30 PM on February 3, 2003

USA Today is reporting that Key3Media, the company behind Comdex, has filed for Chapter 11 bankruptcy protection. Key3Media expects claw its way out of Chapter 11 within three months, and claims that it won't cancel this year's Comdex and the other events it runs, but that might not be the party line for long. With PC sales slumping, and margins shrinking, few manufacturers may even be able to afford a trip to Comdex, let alone a booth to showcase their wares. Maybe Key3Media needs more booth babes.

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