<ul><li>Publishers Clearing House (PCH) has filed for Chapter 11 bankruptcy protection to shift its focus to digital advertising and shed its legacy businesses.</li><li>PCH plans to eliminate its direct mail and online retail shopping and subscription businesses, but will continue awarding prizes to winners nationwide.</li><li>The company aims to establish a strong foundation for its future by unlocking the full potential of its digital advertising and consumer insights business.</li><li>PCH will continue its sweepstakes, offering free-to-play entertainment and awarding prizes, while receiving debtor-in-possession financing to support day-to-day operations.</li></ul>

Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital Advertising

Discover more