Buyout Group Picks Up Reader’s Digest
The publisher of Reader’s Digest, the pocket-sized general-interest magazine, will be acquired for $2.4 billion, including debt, by a consortium led by the private equity firm Ripplewood Holdings....
View ArticleFor One Critic, a Magazine Trumps MySpace as a Smart Buy
Despite all the coverage of MySpace as the most astute media buy in recent history, Ad Age’s Simon Dumenco begs to differ. His idea of a wise acquisition: the $2.4 billion buyout two weeks ago of...
View ArticleWindfall Awaits Readers Digest Banker
February 2 is likely to be a happy day for Michael Lynch. That is when shareholders of Readers Digest Association are set to vote on Ripplewood Holdings‘ offer to take the publishing company private....
View ArticleReader’s Digest Plans Chapter 11 Filing
Reader's Digest Association, which was taken private in 2007 by a group led by Ripplewood Holdings, said it planned to file for bankruptcy to carry out a debt-for-equity swap that would give control of...
View ArticleReader’s Digest Secures Approval for Bankruptcy Plan
The Reader's Digest Association said Thursday that it has secured the approval of holders of nearly 80 percent of its senior secured debt for its proposed bankruptcy filing.
View ArticleReader’s Digest: Reading Between the Lines
Reader's Digest's decision to file for bankruptcy protection is a blemish on the generally successful record of long-time deal-maker Timothy C. Collins. For some, it also raises questions about the...
View ArticleReader’s Digest Files for Chapter 11
Reader's Digest Association said Monday that it has filed for prearranged Chapter 11 bankruptcy protection as part of its restructuring plan.
View ArticleReader’s Digest Delayed in Leaving Chapter 11
The Reader's Digest Association, publisher of the Reader's Digest, said Monday that it had run into a problem with its reorganization plan that would delay its exit from federal bankruptcy court.
View ArticleReader’s Digest Puts Allrecipes Up for Sale
http://www.prnewswire.com/news-releases/readers-digest-association-announces-plans-to-sell-allrecipes-132265848.html
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