Bankruptcy judge approves Questex bidding plan

Questex which runs the AEE Show [they acquired AEE when it purchased various divisions of Advanstar for $185 million in 2005] filed Chapter 11 earlier this month www.adultfyi.com/read.php?ID=38077 . The company has said the show will continue as planned. But then you read this…

from www.forbes.com – A U.S. bankruptcy judge on Monday approved bidding procedures for bankrupt trader publisher Questex Media, court filings showed.

Judge Mary Walrath scheduled the auction on Nov. 20 and a sale hearing on Nov 24.

Earlier this month, the company filed a motion saying it had received a stalking horse bid of $120 million from QMG Acquisition LLC and sought the sale of all its assets through a court supervised auction.

Questex, which filed for bankruptcy on Oct. 5, publishes 23 print magazines such as American Spa and Hotel & Motel Management and sponsors 28 conferences. It also has more than 150 trade websites.

The case is: In re Questex Media Group Inc, U.S. Bankruptcy Court, District of Delaware, No. 09-13423.

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