Reader's Digest Wants To Shed More European Assets

Law360, New York (April 3, 2013, 8:26 PM EDT) -- The bankrupt parent company for magazine publisher Reader's Digest Association Inc. said Wednesday that it intends to continue to jettison its European assets by selling its stake in units in Hungary, Poland and Romania.

The decision comes a month after RDA Holding Co. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York in February amid steep declines in North American magazine sales. But rather than pull its presence out of Europe entirely to focus on the domestic market,...
To view the full article, register now.