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.
