Canadian Magazine Industry News
27 July 2015,     TORONTO
SBC Media files for bankruptcy protection
SBC Media, home to publications including SBC Surf, SBC Wakeboard, SBC Business and Snowboard Canada magazine, has filed for bankruptcy protection in a move that has surprised SBC Media's group editorial director, Scott Birke.

The following statement was published on the SBC Business website:

It is with great regret that SBC Media Inc. has announced that it has filed for bankruptcy protection. Rosen Goldberg Inc. has been appointed to oversee company assets and will be reviewing expressions of interest received from a number of parties. It is anticipated that the sale process will be organized quickly to maintain SBC's longstanding action sports lifestyle media brands so they can continue to support the amazing industry, photographers, filmers, writers, riders, events and community-at-large for decades more. For clarification, the Wakestock event is a separate entity and is not part of the bankruptcy proceeding.

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