Tuesday, December 18, 2012
German Solar Publisher Photon Files For Insolvency
Wed., December 19, 2012
Photon Europe, the German publisher of several solar energy magazines and websites, has filed for insolvency, Recharge reported. A district court in the Western German city of Aachen has opened preliminary insolvency proceedings and appointed lawyer André Seckler as administrator, Photon says in a statement. Under German insolvency rules, he has three months to bring new investors on board to save the publisher, which has 140 employees. Seckler plans to keep it going in the meantime. Germany’s print media sector has been shattered by a number of high-profile insolvencies in recent months. Among them is news agency dapd, and the newspapers Frankfurter Rundschau and Financial Times Deutschland.