Archive · 28 Sep 2025
Publishers Clearing House Goes Bankrupt; Winners Lose Lifetime Prize
A man in Oregon, John Wyllie, won a lifetime prize from Publishers Clearing House (PCH) of $5,000 per week, allowing him to stop working.
However, PCH went bankrupt this year.
This means the prize money stopped coming, and the winners, including Wyllie, are no longer receiving their payments.
The company's financial troubles started after the COVID pandemic, and its revenue dropped significantly.
Now, Wyllie has to sell his belongings and is struggling to make ends meet because of the company's bankruptcy.
John Wyllie won a lifetime prize of $5,000 a week from Publishers Clearing House in 2012.
PCH filed for bankruptcy this year, ceasing prize payments.
Wyllie and 10 other winners are affected by the bankruptcy.
PCH's revenue dropped from $900 million to $180 million post-COVID.
Wyllie is selling assets to survive and may lose his home.
- Who
- John Wyllie and 10 others, PCH
- What
- Publishers Clearing House filed for bankruptcy, stopping prize money payments.
- When
- Bankruptcy occurred this year, prize money stopped this year.
- Where
- White City, Oregon
- Why
- PCH suffered revenue shortfalls following the COVID pandemic, partly due to competition from Amazon.
- Company
- Publishers Clearing House (PCH)
- Location of Winner
- White City, Oregon
- Prize
- $5,000 per week for life
- Number of Prize Winners Affected
- 11
- PCH Bankruptcy Filing
- April
- PCH Pre-COVID Revenue
- $900 million
- PCH Post-COVID Revenue
- $180 million