Reader's Digest Bankruptcy Details: Presentation to Public Lenders


Reader’s Digest filed for Chapter 11 bankruptcy protection earlier today, and some more details are coming out via a presentation it gave to its public lenders titled “The Faceplan: Fast Forward” (yes!). The gist of it: details of the bankruptcy exit plan, and the brand/company going forward; it also uses a lot of buzz words like community, affinity, multi-channel, value creation, digital transformation etc. This part of the plan scares me: “Accelerating the sweepstakes direct mail ‘blockbuster’ process with more products and greater speed to market.” Translation: more snail-mail junk.

A bit fuzzy presentation embedded below



Staci D. Kramer

Reader's Digest isn't going out of business. There will be changes but it's a packaged bankruptcy that covers continuing operations.


So happy to see them go out of business – sneaky bastards.

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