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Bankruptcy

: The Debt Podcast

Reader?s Digest Files for Chapter 11 Bankruptcy Reorganization

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Reader’s Digest, founded in 1922 and America’s best selling consumer magazine, said Monday that it would be filing for Chapter 11 reorganization. From a high of 18 million copies a month in the 1970’s, subscriptions had declined to less than 9 million. Reader’s Digest, which will continue to publish, plans to use Chapter 11 to cut [...]

Full post as published by The Debt Podcast on August 19, 2009 (boomark / email).

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