Publishers Clearing House, known for its 'Prize Patrol' sweepstakes, files for bankruptcy
- Publishers Clearing House filed for Chapter 11 bankruptcy protection on April 9, 2025.
- Revenue declines and losses starting in 2022, linked to direct mail costs, prompted this action.
- PCH plans to restructure operations, shifting focus to digital advertising and free-to-play entertainment.
- CEO Andy Goldberg stated the sweepstakes will remain a cornerstone and free entertainment will continue.
- PCH secured financing, pending court approval, to support operations and expects continued digital services.
139 Articles
139 Articles
After decades of delivering giant checks, Publishers Clearing House files for bankruptcy
Publishers Clearing House, the legendary sweepstakes company once widely known for showing up at people’s homes and delivering giant prizes and checks, has filed for Chapter 11 bankruptcy protection. PCH made the announcement this week, saying it was using the bankruptcy process to “finalize a shift away” from its legacy business operations. The company is hoping to instead transition to a “pure digital advertising” model, where it will continue…
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Publishers Clearing House — known for giant ‘Prize Patrol’ checks — files for bankruptcy
Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection.
Publishers Clearing House, known for handing out oversized checks, files for bankruptcy
Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection.
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