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The Wall Street Journal reports that the Reader’s Digest Corp. is expected to exit bankruptcy now that at judge has approved its reorganization plan that “slashes the company's $2 billion debt load and hands the company to senior lenders led by JP Morgan Chase & Co.”
KC's View:
Managers at the magazine, familiar for having been at supermarket front ends for decades, no doubt are preparing for a world that includes color television, touch-tone telephones and women going out into the workplace.

Okay, I’m just kidding. To be fair, Reader’s Digest does publish Every Day With Rachel Ray. So its feet are not irretrievably planted in the fifties.

But I still cannot shake the impression that the company’s main publishing vehicle is one that is pretty much obsolete in a time of Google, Yahoo and Wikipedia.