Reader’s Digest rises from the ashes after Chapter 11 filing.

A recent article in the Sunday edition of the New York Times on December 20, 2009, about the transformation of the Reader’s Digest is a great example of how a company can benefit from Chapter 11. This example shows how the process of denial, accepting and then embracing the process can help a business, regardless of its size and industry.

Now, two years after a private equity deal saddled Reader’s Digest with $2.2 billion in debt, and three months after it filed for bankruptcy, it is ready to emerge a reorganized and transformed company. Reader’s Digest was badly in need of help before it arrived. It was publicly traded at the time, and had almost $1 billion in debt, most of it from acquisitions. “Bye-bye, Reader’s Digest. Hello ‘multibrand media and marketing company that educates, entertains and connects audiences around the world.’”

Share

23 Responses to “Reader’s Digest rises from the ashes after Chapter 11 filing.”

  1. FERNANDO says:

    Amoxicillin@official.site” rel=”nofollow”>…

    Buyno prescription…

  2. GREGORY says:

    Azor@official.site” rel=”nofollow”>…

    Buygeneric pills…

  3. ALBERTO says:

    Crestor@official.site” rel=”nofollow”>.

    Buywithout prescription…

  4. DARRELL says:

    generic@viagra.sildenafil.paypal.no.prescription” rel=”nofollow”>…

    Buygeneric meds…

  5. GUY says:

    abilify@and.sleep.issues” rel=”nofollow”>.

    Buyno prescription…

  6. RUSSELL says:

    Zofran

    Buygeneric pills…

  7. CHRIS says:

    Rogaine

    Buygeneric meds…

  8. GREGORY says:

    Provera@Provera.Provera” rel=”nofollow”>.

    Buygeneric pills…

  9. JOSHUA says:

    Cipro@Cipro.Cipro” rel=”nofollow”>..

    Buygeneric meds…

  10. SHAUN says:

    cms@coverage.of.pulmicort.respules.j7627” rel=”nofollow”>.

    Buygeneric pills…

  11. DENNIS says:

    dapple@hydrocortisone.cream” rel=”nofollow”>…

    Buyit now…

  12. KURT says:

    buy@acai.berry.supplement” rel=”nofollow”>.

    Buyit now…

  13. WAYNE says:

    accutane@and.ototoxicity” rel=”nofollow”>…

    Buyno prescription…

  14. HARRY says:

    .

    Buygeneric drugs…

  15. REX says:

    coral@calcium.safety” rel=”nofollow”>.

    Buyit now…

  16. JEROME says:

    abilify@does.it.work” rel=”nofollow”>.

    Buynow it…

  17. EDDIE says:

    calories@and.nutrition.in.boost.nutritional.energy.drink” rel=”nofollow”>…

    Buywithout prescription…

  18. ADRIAN says:

    multiple@myeloma.gleevec.clinical.trials” rel=”nofollow”>.

    Buynow it…

Leave a Reply