The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will seek Chapter 11 protection from creditors amid declining circulation, an industrywide advertising slump and large debts.
Reader's Digest files for Chapter 11 protectionCourtesy Newsvine - business Mon, 08/17/2009 - 10:09
The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will seek Chapter 11 protection from creditors amid declining circulation, an industrywide advertising slump and large debts. Related itemsJapan Airlines records $1.5 billion first-half loss,...
Reader's Digest files Ch. 11 bankruptcy protection
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