Reader’s Digest Files for Bankruptcy to Cut Debt

Reader’s Digest Files for Bankruptcy to Cut Debt Play

Feb. 18 (Bloomberg) -- RDA Holding Co., publisher of the 91-year-old Reader’s Digest magazine, filed for bankruptcy to cut $465 million in debt and focus on North American operations as consumers shift from print to electronic media. Susan Li and Rishaad Salamat report on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

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