Posted on 20 August 2009 by andrewtytla
Reader’s Digest is filing for bankruptcy? Why? Such a strong publishing organization, it practically had a license to print money. Well, then again, so did many other print media.
Was it the cost of paper and postage or was it the Internet revolution? Partially, yes. I’d think most would agree the company was overly leveraged:
I remember [...]
Filed under: bad move | Tagged: chapter 11, reader's digest, ripplewood holdings | Leave a Comment »
Posted on 1 June 2009 by andrewtytla
R.H. Donnelley filed for bankruptcy cited a “drop in ad revenue.” [Not R.R. Donnelly, the huge commercial/contract printer of periodicals and probably everything else -- not that their revenue isn't down.]
I never use the “yellow pages” any more. Go online and get a map, too. And quickly. Publishing directories is an outdated business model. The [...]
Filed under: bad move | Tagged: bankruptcy, chapter 11, donnelly, yellow pages | Leave a Comment »