“Reader’s Digest Association Inc., the closely held magazine publisher, hired law firm Kirkland & Ellis LLP to explore restructuring options including a possible bankruptcy filing, a person familiar with the situation said.” (via Bloomberg)
[While I have never been a reader of the Digest, and have always scoffed at their library of “condensed books,” Reader’s Digest was my father’s magazine of choice — my father-in-law still swears by it — as well as a ubiquitous presence in every doctor’s and dentist’s waiting room visited during my childhood.]
Leave a Reply