Aug
24
Reader’s Digest Bankruptcy Underscores Its Need to Remake Media Model
Posted in: Uncategorized
NEW YORK (AdAge.com) — There are a few ways to look at the news that lenders are taking ownership of Reader's Digest Association away from private equity through a prearranged Chapter 11 filing. Here's one: Reader's Digest has more or less pressed the reset button, dramatically slashing its interest payments while getting new owners who are probably willing to wait another few years for an exit.
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