Skymall Flies Into Bankruptcy

Even though the ubiquitous Skymall magazine reached 650 million travelers a year in the seat back in front of you, the company was recently forced to file for bankruptcy. Skymall famously offered such products as a globe that could be opened into a liquor bar ($189) or a chess set ($212). The company suffered as airlines offered internet access and passengers began bringing smartphones and tablets, which meant they weren't forced to look in the seat back in front of them for reading material. In the bankruptcy filing, Skymall suggested an auction be held at the end of March.