The publisher of Reader’s Digest plans to go through an orderly bankruptcy proceding to get out from under $1.6 billion in debt. It’s hard to see how Reader’s Digest has much of a future as a paper magazine. For much of its history, Reader’s Digest did not accept advertisements and was funded entirely by the subscription fees and consumer point of purchase sales.
The bankruptcy should not affect publication of the magazine, at least for now – and doesn’t involve the company’s non-U.S. subsidiaries