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April 14, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Communications carrier WorldCom Inc. (WorldCom.com) submitted its plan for reorganization this week, saying it intends to emerge from bankruptcy with a new name and a new chief financial officer, carrying only a small part of its former debt load under a plan that gives creditors more control of the company.
The company named Robert Blakely as its chief financial officer. Blakely was previously CFO of Lyondell Chemical and the former Tenneco Inc.
Last year, WorldCom submitted the largest bankruptcy filing in history following an accounting scandal that saw the company incorrectly report almost $11 billion dollars. This week the company said it would drop the WorldCom name and take on MCI, the name of the company's residential long-distance telephone brand.
The company's headquarters will move from Clinton, Mississippi to Ashburn, Virginia. WorldCom says its plan calls for the company to reduce its debt load to between $3.5 billion and $4.5 billion, and provides the it with a cash cushion of $1 billion, a significant improvement over the approximately $41 billion in debt that led to the bankruptcy filing.
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Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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