Publishers Clearing House goes bankrupt. Ceases payments to its "$5,000 per week for life" winners

[BlueWaveNeverEnd]

Bought out of bankruptcy, new owners aren't going to pay past winners, only future ones

[johnnyfins]

1. What a bunch of welching scumbums

[BoRaGard]

15. I bet a billion bucks that they are republicons

this is who the republicons are - this is the grifty, lying, cheating crap they do

[Chipper Chat]

2. Poor David Brumbalow

[Justice Brandeis]

3. Was that that co. that made you buy magazines to have any realistic change of winning?

nt

[BlueWaveNeverEnd]

4. Technically, you weren't required to buy magazines

[John1956PA]

7. Correct. Laws governing sweepstakes mandate that the ability to enter . . .

. . . is not contingent upon purchase of the advertised product.

[Justice Brandeis]

17. I mean yes, but

Didn't PCH make it so you could still enter, but your entry would take longer to be processed than the magazine buyers?

That's what I remember anyway.

[John1956PA]

18. Yes. The old "wink and a nod" came into play and defeated the law.

[Initech]

5. I didn't even know this was still a thing!

[chowder66]

6. I was weirdly thinking about them 2 or 3 days ago.

What a shit thing to do.

[Emile]

8. Sounds identical to a Trump con job.

[Norrrm]

9. One year they got caught throwing away entries that did not have a subscription.

One year they got caught throwing away entries that did not have a subscription.
Blamed it on contractors. The next year, I wrote them asking why should I enter a phony
contest? Boy, they wrote back quickly saying they got it fixed.

[BlueWaveNeverEnd]

11. I remember that

[Disaffected]

10. Declaring bankruptcy is an age-old ploy

to get out of financial obligations.

Case in point - if you are hiring a contractor, don't ask simply how long they have been in business, ask how long they have been in business under the same name. Getting you driveway paved, getting your house painted, the "warranty" they supply will be worth nothing if they declare bankruptcy a few months after completing your job and resurface a little later, in the same business, but with a different name.

[Norrrm]

12. The big wigs will probably get bonuses and retention pay for winding down the company.

[GenThePerservering]

13. I didn't even know they were still around nt

[BlueWaveNeverEnd]

14. I remember getting their envelopes in the mail until about 20 yrs ago???

Not sure how they contact people now..no emails, no mails, no calls

[MichMan]

16. Shouldn't be a big surprise if you have taken a recent look at a magazine rack

So many printed magazines have ceased publishing in the last several years, it isn't a sustainable business model.

Same with video rental or one hour photo developing chains.