Comdex owner battling for financial survival
Tuesday, July 23, 2002 | 11:52 a.m.
The company that produces the Comdex computer convention in Las Vegas every year is fighting for financial survival and has been warned its stock could be delisted by the New York Stock Exchange.
In Business Las Vegas, a sister publication of the Las Vegas Sun, reported this week that Key3Media Group Inc., Los Angeles, is mired in debt and cutting corners to stay afloat.
Key3Media's woes are reflective of the state of the technology industry, which has been in a slump since early 2001. That slump and the travel downturn after the terrorist attacks resulted in Comdex attendance being down by 75,000 people, to 125,000 last year.
Two Key3Media executives, Fredric Rosen, chairman and chief executive officer, and Jason Chudnofsky, vice chairman and chief operating officer, have taken 40 percent pay cuts this year.
archive
- Most Read
- Discussed
- Most E-mailed
- Palin craze puzzling, given ’08 disaster
- The ins and outs of CityCenter traffic
- Vdara hotel marks opening of CityCenter
- Henderson postpones vote on massage parlor law
- MGM Mirage begins lifting veil on CityCenter today
- Despite few points, inspiration keeps ‘Chop’ high on plus-minus list
- Greenspun reorganizes local media operation, cuts staff
- Planet Hollywood’s Thomas McCartney headed for Tropicana
- Harry Reid on mortgages: ‘Bank of America must do more’
- Search committee to narrow UNLV athletic director list
Blogs
Politics: Ralston's Flash
Brian Sandoval is still against taxes, for limiting government and empowering people (5 Comments)
Elsewhere
TCU extends Gary Patterson through 2016
The Kats Report
Dissimilar landmarks -- Binion's and CityCenter -- reflect today's Las Vegas (4 Comments)
High School Sports Scene
Prep Football: State Championship
Elsewhere
UFC debut in Boston likely July or August (1 Comment)
The Kats Report
Planet Hollywood's Thomas McCartney headed for Tropicana (15 Comments)
Elsewhere
LV woman robs Kentucky strip club, police say (6 Comments)
Calendar »
- 2 Wed
- 3 Thu
- 4 Fri
- 5 Sat
- 6 Sun
-
Nic Faniciulli at Godskitchen
Body English | 10:30 p.m. to 11:59 p.m.
-
Mischieve Wednesdays at T&T
Tacos and Tequila
-
Ben Sherman gift bag giveaways at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati






