Reader’s Digest files for prearranged Ch. 11 bankruptcy protection as part of restructuring

PLEASANTVILLE, N.Y. — Reader’s Digest Association Inc. said Monday that it has filed for prearranged Chapter 11 bankruptcy protection as part of its restructuring plan.

Reader’s Digest says 80 percent of senior lenders have agreed to planned Chapter 11 filing

PLEASANTVILLE, N.Y. — Reader’s Digest Association Inc., publisher of the popular monthly magazine and dozens of other titles, said Thursday it has 80 percent of its senior secured lenders on board with a planned Chapter 11 reorganization.

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