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Reader's Digest files for bankruptcy
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The publisher of Reader's Digest said Aug. 17 it will file for Chapter 11 protection with a plan to swap a portion of its debt for ownership of the company. Reader's Digest CEO Mary Berner insisted, though, that the company's U.S. magazines remain strong. She said Reader's Digest titles rely less on luxury brands and high-income tastes, giving them an added appeal in a recession that has clobbered much of the print media industry. (AP)
米リーダーズ・ダイジェスト破産申請へ
米出版社リーダーズ・ダイジェストは8月17日、連邦破産法11条(日本の民事再生法に相当)の適用申請を検討していると発表した。
Shukan ST: August 28, 2009
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