Reader’s Digest woes

Reader’s Digest woes: The NY Journal News reviews the downward spiral and coming challenges of one of the world’s most recognizable magazine brands, Reader’s Digest.

Quote:

The credit rating of the world’s most widely read magazine was now officially junk. The lower ratings meant it would be more expensive to borrow to buy Reiman, a circumstance that company officials said they anticipated when they crunched the numbers on the deal. Last month the deal got a little more expensive.