A judge approved Reader's Digest Association's restructuring plan, which will allow the publisher to emerge from bankruptcy by Jan. 31, reports Mediaweek
. The publisher was burdened by debt
from its 2007 takeover by Ripplewood Holdings; it filed a prepackaged bankruptcy plan with new lenders in August to significantly cut its $2.2 billion debt. Hamstrung by the economy, RDA cut staff,
rate base and moved its HQ to Manhattan.