SkyMall Crashes and Burns

EJECT!

Updated Jul. 12, 2017 2:46PM EDT / Published Jan. 23, 2015 10:43AM EST

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The parent company of SkyMall magazine filed for Chapter 11 bankruptcy protection Thursday. “With the increased use of electronic devices on places, fewer people browsed the SkyMall in-flight catalog,” Xhibit Corp. CEO Scott Wiley said. Revenue for the brand was cut in half, down to $15.8 million in 2014, due to the abundance of Wi-Fi access on flights. The brand hopes to sell assets in order to “complete an orderly wind-down of their affairs.”

GALLERY: SkyMall's top WTF products.

Read it at The Wall Street Journal

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SkyMall Crashes and Burns

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