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Monday, February 18, 2013

Another Iconic Business Files For Bankruptcy

Reader's Digest:
...The company is the latest in a line of iconic businesses to have recently sought court protection from creditors, after Hostess Brands Inc., maker of Twinkies and Wonder Bread, and Eastman Kodak Co., inventor of Kodachrome and the Instamatic camera....

[...]

The company’s flagship print magazine is read by more than 25 million people, according to its website. The company publishes 75 magazines globally including 49 editions of Reader’s Digest, Taste of Home, the Family Handyman and Birds & Blooms. Reader’s Digest “sold more digital editions in December than we did newsstand editions,” Guth said....

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1 Comments:

Blogger Epaminondas said...

They missed the digital boat TOTALLY. There is NO WAY

Tuesday, February 19, 2013 11:36:00 am  

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