[eXpat]

Well, well, seems to be that there are good things actually with this recession
Reader's Digest plans prearranged bankruptcy
$this->bbcode_second_pass_quote('', 'N')EW YORK (Reuters) - Reader's Digest Association Inc, whose namesake magazine has been a staple of dentists' offices for generations, said on Monday it planned to file for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 percent.

The media company, known worldwide for its family magazine filled with general-interest and inspirational stories, has been trying to cut costs since it was bought in 2007 by an investor group led by Ripplewood Holdings LLC.

The bankruptcy would take the form of a prearranged filing, which comes after a company has already reached deals with lenders to reduce debt. The deal, if approved by a bankruptcy court, would allow Reader's Digest to slash its debt load to $550 million, from the current $2.2 billion.

[vision-master]

I grew up with the Digest.

Great reading in the Doctors office, I might add.

[eXpat]

$this->bbcode_second_pass_quote('vision-master', 'I') grew up with the Digest.

Great reading in the Doctors office, I might add.

[Mudpuppy]

I also grew up with the Reader`s Digest in New Zealand as my mother was and still is a devoted subscriber. I always read it cover to cover, but as I got older I started to find it too conservative for me. I notice that this year they decided to abandon the hope of appealing to a large mainstream and head more conservative in order to survive amongst dwindling subscriptions.

"Readers Digest moves wright of middle America"
http://www.nytimes.com/2009/06/19/busin ... aders.html

[Narz]

that's kinda sad

[mlit]

I spent a period in prison and readers digest the magazine and their condensed books helped fill many a day

[PrestonSturges]

I am Jack's complete lack of surprise.

TV Guide also went bankrupt, you could have literally bought the whole operation for $1.

[dorlomin]

$this->bbcode_second_pass_quote('PrestonSturges', 'I') am Jack's complete lack of surprise.

[PrestonSturges]

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('PrestonSturges', 'I') am Jack's complete lack of surprise.

[SILENTTODD]

aka : 'Readers Disqust' a right wing rag spewing the corporate line for the masses that didn't care to research for themselves. The source of many of Ronald Reagan's views of the world-need I say more? With any luck maybe it will fold!

[Jellric]

I hear they will continue publishing.

[threadbear]

It pays to increase your word power. --"Propaganda" rag has a "drama in real life" moment--dies due to lack of funds in ischemic advertisement revenue attack.

[lowem]

Let's see when they'll stop sending me those lucky draw "You Can Win a Car!" contest forms.

Actually I wrote in and asked them to stop and they very graciously did, for a few years, and recently they "partnered" with a local bank, which added me right back on to their mailing lists.

Think I'll write back in again and ask them to "UNSUBSCRIBE" me.

[IslandCrow]

Could someone give me a condensed version of what this is all about?

[Rimsha42]

Nice informative sharing thats what i was searching for

[Pops]

$this->bbcode_second_pass_quote('Rimsha42', 'N')ice informative sharing thats what i was searching for

[Rimsha42]

Why the hell you are calling me a bot

[Sixstrings]

I never understood the point of Readers Digest. Mostly hokey short stories right? If you're going to read short stories, get a book of them from a good author don't subscribe to a grab bag of who knows what.

I guess it was for folks who wanted something to read but couldn't decide on their own.

[americandream]

$this->bbcode_second_pass_quote('SILENTTODD', 'a')ka : 'Readers Disqust' a right wing rag spewing the corporate line for the masses that didn't care to research for themselves. The source of many of Ronald Reagan's views of the world-need I say more? With any luck maybe it will fold!