Readers Digest Files for Bankruptcy | Drudge Retort

Thursday, February 21, 2013

Readers Digest Files for Bankruptcy

The owner of magazine Reader's Digest has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry. A pre-negotiated Chapter 11 bankruptcy plan is sought by the company to reduce its $534 million debt load by 80 percent, according to documents filed Sunday in U.S. bankruptcy court. The parent company publishes magazines, books, music and videos and has more than $1.1 billion in assets.

Posted by AuntieSocial at 05:31 PM | 16 COMMENTS | permalink | Comment on This Entry |

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that's the short story

Admin's note: Participants in this discussion must follow the site's moderation policy. Personal attacks, profanity, abusive conduct and expressions of prejudice are not allowed. If you have comments about site moderation, contact the site publisher in email.

Who reads this stuff anyways?

#1 | Posted by rstybeach11 at 2013-02-21 05:54 PM | Reply | Flag:

Undigestable.

#2 | Posted by Harry_Powell at 2013-02-21 05:56 PM | Reply | Flag:

Back in the day, I use to like to read some of the joke sections while waiting in the doctors waiting room. Now I read internet news and DR while waiting. Most everyone does now days. Never read much more out of RD or ever buy one.

Changing times.

#3 | Posted by path at 2013-02-21 06:08 PM | Reply | Flag:

It pays to increase your word power.

#4 | Posted by Harry_Powell at 2013-02-21 06:12 PM | Reply | Flag:

"I use to like to read some of the joke sections while waiting in the doctors waiting room."

Yes, waiting room, uh huh. At least admit it, readers digest was for pooping. Probably not much a future with smart phones now.

#5 | Posted by salamandagator at 2013-02-21 06:15 PM | Reply | Flag:

At least admit it, readers digest was for pooping. Probably not much a future with smart phones now.

#5 | Posted by salamandagator

LOL

Now days we all worry about dropping our smart phones in the crapper. One thing about RD is if the TP ran out, you always had an alternative.

#6 | Posted by path at 2013-02-21 06:26 PM | Reply | Flag:

As a kid I liked reading RD. My family always got a subscription for Grandma and whenever we visited her, which was often because she lived across the street, I would spend my time with RD.

You see grandma was a redneck cracker who hated my brown dad so I just avoided her by reading RD

#7 | Posted by Prolix247 at 2013-02-21 07:20 PM | Reply | Flag:

I guess people aren't interested in "17 Things You Didn't Know About Tampons"...

#8 | Posted by justanoversight at 2013-02-21 07:22 PM | Reply | Flag:

awww I loved RD.

When they warned me it was my LAST CHANCE TO RENEW I didn't think they were serious!

#9 | Posted by donnerboy at 2013-02-21 07:28 PM | Reply | Flag:

"I AM JOE'S LIVER!"

#10 | Posted by Harry_Powell at 2013-02-21 07:31 PM | Reply | Flag:

oh... forget to mention...Obama's fault!

#11 | Posted by donnerboy at 2013-02-21 09:01 PM | Reply | Flag:

If my grandparents hadn't died two decades ago, they'd be pissed right now!

Hopefully we can still get Guidepost...

#12 | Posted by madbomber at 2013-02-21 11:13 PM | Reply | Flag:

I suppose they'll reorganize...
in a condensed version.

#13 | Posted by TFDNihilist at 2013-02-21 11:23 PM | Reply | Flag:

Rdr's Dgst.

#14 | Posted by Harry_Powell at 2013-02-21 11:40 PM | Reply | Flag:

But I hear every day that the print industry was going to the crapper because people were tired of the librul media. RD doesn't seem to fit that narrative.

#15 | Posted by cbob at 2013-02-22 09:07 AM | Reply | Flag:

Its OK if Corporations do this, but people must not anymore.

#16 | Posted by nutcase at 2013-02-22 09:13 AM | Reply | Flag:

Comments are closed for this entry.

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