Looks like Reader's Digest is facing the same woes other businesses are facing these days. This story was in BBC News.
"The US publisher of Reader's Digest magazines has said it will file for Chapter 11 bankruptcy as it looks to get rid of up to 75% of its debts.
If approved by a bankruptcy court, Reader's Digest will see its debt cut to $550m from $2.2bn.
"It doesn't affect our employees, it doesn't affect the vast majority of vendors, it doesn't mean we'll do mass layoffs, it doesn't mean we're going to be selling off assets. It's business as usual."
The company says Reader's Digest is the largest-selling magazine in the world."
While my children were growing up, the Reader's Digest was like part of our family. We all read stories in it and we talked about it at dinner and made games of the word definitions in the magazine. My mother still subscribes. The image in this post is the way the front cover used to look; this one is the cover for May 1973.
I haven't read a Reader's Digest in a few years and I don't see this little magazine in the waiting rooms I frequent, but I have a sentimental interest in the future of this publication.