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Reader's Digest bankrupt

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Reader's Digest, the once beloved publication found on millions of newsstands and checkout carousels, is filing for bankruptcy protection. The private equity concern that bought Reader's Digest two years ago is looking to reduce its debt. The company has secured funding to continue operations, and the bankruptcy filing will not affect its extensive international business. Reader's Digest, like many print publications, has struggled with circulation and revenue issues for several years.


Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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