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flag Publishers Clearing House files for bankruptcy, plans shift to digital advertising.

flag Publishers Clearing House (PCH), famous for its "Prize Patrol" sweepstakes, has filed for Chapter 11 bankruptcy protection. flag The company plans to shift from direct-mail and retail merchandise to a digital advertising model. flag PCH, which has awarded over half a billion dollars in prizes, faces financial challenges due to rising operational costs and changing consumer habits. flag Despite the bankruptcy, PCH will continue to operate and deliver prizes as usual.

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