“The company behind the in-flight catalog SkyMall filed for Chapter 11 bankruptcy protection Thursday, a victim of evolving rules and technology that now lets airline passengers keep their smartphones and tablets powered up during flight.
SkyMall LLC, its parent company Xhibit Corp. , and several other affiliates are seeking a bankruptcy-court supervised sale of their assets, according to papers filed with the U.S. Bankruptcy Court in Phoenix.
In court papers, acting Chief Executive Scott Wiley cited a “crowded, rapidly evolving and intensely competitive” retail environment as the reason for the quarterly publication’s recent nosedive.”
Read more here: http://finance.yahoo.com/news/in-flight-catalog-skymall-files-for-bankruptcy-150831355.html
Cenk Uygur (http://www.twitter.com/cenkuygur), Ana Kasparian (http://www.twitter.com/anakasparian), Ben Mankiewicz (http://www.twitter.com/benmank77) and special power panel guest Karomo Brown (https://twitter.com/karamobrown) discuss on The Young Turks.
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