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Reader's Digest to File Chapter 11

By Jane Yager, Newser Staff

Posted Aug 17, 2009 2:00 PM CDT

(Newser) – The latest media company to groan under debt in the current recession, Reader's Digest Association, yesterday announced plans to file for Chapter 11 bankruptcy. The publisher insists that "business as usual" will continue for its publications and employees, with no mass layoffs in store... Read full story »

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Reader's Digest to File Chapter 11

bankruptcy • ad revenue • Chapter 11 • Reader's Digest • print journalism

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