Farewell purveyor of useless oddities. You will not be missed.
Skymall filed for Chapter 11 today after seeing its revenue utterly plummet the second airline passengers had the opportunity to look at literally anything else.
As soon as airlines started providing wi-fi, coupled with the prevelence of iPads and other handheld devices, no one felt compelled to browse through 30 glossy pages of high-heel shoe wine glass holders, arthritic gloves, strange pillows, and a day of the week clock
Skymall was owned by Xhibit Corp, a parent company whose own stock is currently trading at a whopping $0.07 per share.
More of a catalog than a magazine, but I'm happy to see one more dead-tree printing company cease to be.
Skymall's current assets are between $1 and $10 million while its liabilities are $10 to $50 million, mostly owed to airlines.
Good riddance.