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Monday, February 18, 2013

Reader's Digest Is Bankrupt as Iconic Magazine Falters

... and debt of more than $1 billion each in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in White Plains, New York. Under a restructuring agreement supported by Wells Fargo & Co., $465 million of remaining senior notes will all convert ...



via White Plains Newswire http://mobile.bloomberg.com/news/2013-02-18/reader-s-digest-files-bankruptcy-to-cut-465-mln-debt.html?

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