Escapes Bankruptcy

April 20, 2002

Source: The Houston Chronicle

On April 20, 2002, The Houston Chronicle reported that ", an Internet site aimed at feeding Americans' interest in religion and spirituality, has filed for Chapter 11 bankruptcy protection... Steve Waldman,'s chairman and chief executive, said the company, which began operation in December 1999, asked for bankruptcy protection last week... Each month, logs 15 million 'page views' from 1 million people, and sends out 150 million e-mail newsletters to subscribers on various topics, Waldman said."