Bankruptcy Judge Schedules AEE Parent's Bidding Plan

NEWTON, Mass. — A federal bankruptcy judge on Monday scheduled the auction of substantially all the assets of the parent company of Adult Entertainment Expo.

Questex Media filed for bankruptcy earlier this month in order to restructure its ballooning debt. In its Chapter 11 filing Questex listed assets of $299 million against liabilities of $321 million.

Questex acquired AEE when it purchased various divisions of Advanstar for $185 million in 2005, of which Home Entertainment Events — managers of the show — was a part of.

U.S. Judge Mary Walrath scheduled the auction on Nov. 20 and a sale hearing on Nov 24.

Questex filed a motion earlier this month saying it had received a bid of $120 million from QMG Acquisition LLC — its senior lenders — and sought the sale of all its assets through a court-supervised 363 sale.

With a 363 sale, assets are conveyed to the purchaser free and clear of any liens. Those liens will then be attached to the net proceeds of the sale and paid as ordered by the bankruptcy court.

Walrath, in her motion to approve the bulk sale auction, ordered the company to publish bidding procedure notices in the Wall Street Journal no later than Friday.

AEE spokesman Sean Devlin told XBIZ that the 2010 show is in full-production mode and that Questex’s Chapter 11 filing “will have no impact on the daily operations of the company at the operating level, and thus no impact at all on AEE.”

“Rather than having any adverse impact on future expos, this will only serve to strengthen the event’s position in the marketplace.”

Questex publishes 23 print magazines and sponsors 28 conferences. It also has more than 150 trade websites.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Linda Lan Performs 1st Anal, Headlines Jonni Darkko's 2nd 'POV Anal Sluts'

Linda Lan performs her first anal scene and toplines director Jonni Darkko’s sequel to “POV Anal Sluts,” from Evil Angel.

XBIZ Miami's Host Hotel Sold Out, General Registration Now Open

Guest rooms at XBIZ Miami’s exclusive conference venue, Nautilus Sonesta Miami Beach hotel in South Beach, are now completely sold out.

Leana Lovings, Aria Banks Front Latest From Reality Kings

Leana Lovings and Aria Banks star in the latest release from Reality Kings, titled "Synchronized Scissoring."

Penthouse Names Lennon Elizabeth April's 'Pet of the Month'

Penthouse Magazine has named model Lennon Elizabeth as Pet of the Month for April.

Bella Spark, Kelly Collins Star in Finale of VMG Cross-Site Feature 'Bang and Burn'

Bella Spark and Kelly Collins star with Vixen Media Group exclusive Jason Luv in the final installment of the cross-site spy feature "Bang and Burn."

Jade Kimiko, Cecelia Taylor Headline 'Women Seeking Women 199'

Jade Kimiko and Cecelia Taylor topline “Women Seeking Women 199” from Girlfriends Films.

Age Verification Watch: Patching the Holes

This roundup provides an update on the latest news and developments on the age verification front as it impacts the adult industry.

Kaela Luna Makes Her TransAngels Debut

Kaela Luna has made her TransAngles debut alongside Parker Savage and Harrison Feels in “Jackhammering Kaela.”

Adult Time Marks April Fool's Day With 5 Satirical Releases

Adult Time is marking April Fool’s Day with the release of satirical scenes from five of its series.

Adult Time Wraps Production on Bree Mills' Feature 'Escape From Camp Conversion'

Adult Time has wrapped production on its latest feature, the Bree Mills-helmed "Escape From Camp Conversion," from its Girlcore studio brand.

Show More