New York - Publisher and event producer Ziff Davis Media announced on Wednesday that it plans to file for Ch. 11 bankruptcy protection, and will set aside $24.5 million to fund operations during and after it emerges from the process, expected to conclude this summer. The company, which publishes PC Magazine and Electronic Gaming Monthly magazines, and websites including 1UP.com, said it has also reached an agreement with investors on a restructuring plan to reduce its funded indebtedness.

*A correction was made to this story.

New York - Publisher Ziff Davis Media announced on Thursday that it will sell the assets of its Enterprise Group, which includes the magazines eWEEK, CIO Insight and Baseline, and a number of technology industry conferences, to New York-based private equity and venture capital firm Insight Venture Partners for about $150 million.