|
| See who owns USA newspapers, magazines, TV stations & networks |
| American Media Company Profiles, Properties & Contacts | About MediaOwners.com Contact Us |
| You are here | |
Home » Reader's Digest Association, Inc. |
Reader's Digest Association, Inc.Mary Berner is the CEO of Reader's Digest Association, Inc.. The Reader's Digest Association (RDA) is a publishing and direct marketing company. It publishes Reader's Digest magazine and produces a range of related products including books, gifts, music and home video collections. In early 2007, Reader's Digest Association was bought for $1.61 billion ($17 a share) by an investment group led by private equity firm Ripplewood Holdings LLC, run by Timothy Collins. The buyout saddled the company with over $2 billion in debt. The debt burden proved too heavy for Reader's Digest, and on August 24, 2009 the company filed for Chapter 11 bankruptcy protection. The bankruptcy filing will result in a number of banks becoming the new owners of RDA, and Ripplewood Holdings will no longer have an interest in the company. The bankruptcy applies to Reader's Digest U.S. businesses. RDA operations in Canada, Latin America, Europe, Africa, Asia and Australia-New Zealand were not part of the filing. Reader's Digest magazine is a general interest, family-oriented publication known for positive, conservative and pro-American views. The magazine is published in 48 editions and 19 languages, reaching 85 million readers every month including 44 million in the United States. According to the Audit Bureau of Circulations, Reader's Digest is the best-selling magazine in the United States, excluding the membership publications of AARP which are delivered as member benefits. DeWitt Wallace created Reader's Digest based on the idea of a magazine containing condensed articles from many popular magazines. The first issue was published on February 5, 1922, and it quickly became a successful commercial venture. While the magazine continues to position itself as summarizing and reprinting articles taken from other sources, for decades the company has created most of the writing in the magazine. The magazine plants lengthy articles in other media so they can then be 'condensed' for Reader's Digest. In April 2002, the Reader's Digest Association bought Reiman Publications L.L.C., based in Greendale, Wisconsin. The purchase price was $760 million. Reiman is a publisher of cooking, gardening, and lifestyle magazines and books, including category leaders like Taste of Home, a cooking magazine with over 3 million subscribers. Today the Reiman publications are part of the "Food & Entertaining@RDA" division of Reader's Digest Association. Contact Information
National Media PropertiesSelect a media outlet to find a detailed profile at Mondo Times, the worldwide media guide. Other Reader's Digest Association, Inc. Properties
Books Are Fun, Ltd. Good Catalog Company Gifts.com Reader's Digest Select Editions Reiman Media Group, Inc. Comments about Reader's Digest Association, Inc.Comments to date: 84. The most recent comments are below.
See all Reader's Digest Association, Inc. comments. Add Your Comments |
The Top 20 U.S. Media Owners1. Time Warner Inc. 2. Walt Disney Company 3. Viacom Inc. 4. News Corporation 5. CBS Corporation 6. Cox Enterprises 7. NBC Universal 8. Gannett Company, Inc. 9. Clear Channel Communications Inc. 10. Advance Publications, Inc. 11. Tribune Company 12. McGraw-Hill Companies 13. Hearst Corporation 14. Washington Post Company 15. The New York Times Company 16. E.W. Scripps Co. 17. McClatchy Company 18. Thomson Corporation 19. Freedom Communications, Inc. 20. A&E Television Networks See All Media Companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
More Mondo Sites: Mondo Times | Easy Media List | Mondo Newspapers | Mondo Stars | Letters To Editors | FindaCity |
|
|
Copyright © 2005-2009 Mondo Code LLC. All rights reserved.
By using this site you agree to the Terms of Service. Questions or suggestions? Contact us. |