Reader's Digest Outlines Latest Restructuring Plan

Law360, New York (July 11, 2013, 4:56 PM EDT) -- The Reader’s Digest Association Inc. unveiled its latest restructuring plan Wednesday, with the company planning to focus on its profitable North American print and growing digital businesses, as it prepares to emerge from Chapter 11 for the second time in less than four years.

The plan, approved by a New York bankruptcy judge in late June, will emphasize the company’s many brands that reach more than 141 million consumers in North America, such as its Reader’s Digest and Taste of Home magazines, which have print rate...
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