Reader's Digest files Ch. 11 bankruptcy protection
 

Reader's Digest Association Inc., publisher of the iconic general interest magazine that began gracing American homes in 1922 and now reaches a worldwide audience of 130 million, filed for Chapter 11 bankruptcy protection Monday as it faces falling print circulation in the Internet age and looming debt payments.

http://finance.yahoo.com/news/Reader...33282.html?x=0

they should move to online and scale back...hardly anyone reads that anymore

I have to admit I was still a little shocked to hear they were still around at all. My mom used to subscribe to them when I was a kid, but I thought they went out of business years ago.