'Readers Digest' Publisher Goes Chapter 11

The publisher of the iconic 91-year-old magazine Readers' Digest, RDA Holdings, just filed for bankruptcy. "The company listed assets and debt of more than $1 billion each in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in White Plains, New York," writes Dawn McCarthy.

Read the whole story at Bloomberg »
Tags: magazines
Recommend (2)