Monday, August 17, 2009

READER'S INDIGESTION


Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load. CEO Mary Burner said: "Sadly, most American's are semi illiterate and can't even read Reader's Digest. Its much too complicated for them, even when it is distributed in MP3 audio format."

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