Reader’s Digest in the US has filed for Chapter 11 bankruptcy protection. The move has been taken as part of a plan agreed with lenders to try and reduce the debt burden – a burden which began back in 2006 when the company was purchased by a group of investors. While this is a financial story, it gives oxygen to challenges for print. Stories like this can build momentum.
Please note the Australian business is not affected by the US announcement. http://is.gd/2lPcQ