Reader’s Digest On The Verge Of Bankruptcy, Files For Chapter 11

Reader’s Digest On The Verge Of Bankruptcy, Files For Chapter 11

PULSE2.COM - Popular magazine publication Reader’s Digest has filed for a pre-arranged Chapter 11 bankruptcy. According to the Wall Street Journal, Reader’s Digest “reached an agreement with its lenders on a restructuring plan that it will likely complete under a prepackaged bankruptcy filing in order to reduce its debt.”Like many other print publications, Reader’s Digest suffers from low...

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