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