VivaTysons Magazine Files for Bankruptcy

The publisher of VivaTysons Magazine has filed for Chapter 11 bankruptcy.

As first reported by the Washington Business Journal, Tysons-based Johnny Hanna & Associates LLC filed for bankruptcy protection earlier this month, citing assets of $100,001-500,000 and debts of $500,001-1,000,000.

Among the biggest creditors are George Stephenson and his Alexandria-based Stephenson Printing, which are collectively owed nearly $400,000. A handful of business lenders are also listed as creditors.

VivaTysons is published every other month. It is mailed to readers and distributed to local businesses in Tysons, McLean, Falls Church, Vienna, Great Falls and Oakton.

Hanna told WBJ that he has struggled to sell ads in the magazine as digital advertising continues to overtake traditional media.

“People have shied away from print for a while,” Hanna is quoted as saying. “Not many people want to immerse themselves in the community.”

A projected budget filed in federal bankruptcy court says Hanna’s company expects revenue of around $120,000 and expenses of around $190,000 over the next 12 weeks. The expenses include more than $75,000 in compensation for employees, writers and graphic designers; $50,000 for printing; and $25,000 for postage.

Hanna told WBJ that he expects to get “back to normal” after the bankruptcy process.

Recent Stories

Joon has expanded its offerings in Tysons with the addition of a bar and patio. Named after a poetic Farsi term for “wine,” May Bar began serving customers inside the…

Owners of six Woofie’s franchises in Northern Virginia are hosting a “Paws in the Park” pet adoption event tomorrow (Saturday) at Wolf Trap National Park. Participating Woofie’s include Reston/Herndon, Ashburn-Leesburg,…

A Fairfax Connector bus to Tysons (staff photo by James Jarvis) The Fairfax County Department of Transportation (FCDOT) has the green light to apply for a federal grant to replace…

The country band Delta Spur performs on the Plaza at Tysons Corner Center for the mall’s 2023 summer concert series (courtesy Tysons Corner Center) Fresh produce, good dogs and live…

×

Subscribe to our mailing list