Full Answer
Is reader's digest a publicly traded company?
In 1990, the magazine's parent company, The Reader's Digest Association, Inc. (RDA), became a publicly traded corporation. From 2005 through 2010, RDA reported a net loss each year.
What happened to Reader’s Digest?
Reader’s Digest typically publishes condensed news and general interest articles that are able to be read quickly and easily. According to the NY Times, RD is pushing toward a more conservative direction: “It is cutting down on celebrity profiles ramping up on inspiring spiritual stories.
Where is the headquarters of reader's digest?
Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and Lila Bell Wallace. For many years, Reader's Digest was the best-selling consumer magazine in the United States; it lost the distinction in 2009 to Better Homes and Gardens.
Who is the group editor of reader's digest?
The group editor is Louise Waterson. Reader's Digest publishes bi-monthly a series of softcover anthologies called Reader's Digest Select Editions (previously known as Reader's Digest Condensed Books ). During the 1970s, there was also a Reader's Digest Press, which published full-length, original works of non-fiction.
Who is Readers Digest owned by?
Reader's Digest is an American general-interest family magazine, published 10 times a year....Reader's Digest.Editor-in-chiefJason BuhrmesterFounderDeWitt Wallace Lila Bell WallaceFirst issueFebruary 5, 1922CompanyTrusted Media Brands, Inc.CountryUnited States6 more rows
Who owns Reader's Digest UK?
Better CapitalReaders Digest UK has been bought by equity house Better Capital for £13m. The group has confirmed that it has bought the magazine out of administration for an undisclosed sum. The management team will be led by managing director Chris Spratling. Reader's Digest UK went in to administration in February.
What happened to Reader's Digest?
The Reader's Digest Association — renamed Trusted Media Brands to echo its transformative growth into a modern multimedia platform — is reaching more than 60 million consumers monthly across its print and digital platforms and new direct-to-consumer products, such as Family Handyman's DIY University and Taste of Home's ...
Did Readers Digest go out of business?
Reader's Digest, which filed for Chapter 11 protection from creditors in August, comes out of bankruptcy with $525 million in exit financing and a new board of directors that includes Fredric Reynolds, former chief financial officer of CBS Corp CBS.
Is Readers Digest good?
Readers Digest is a great magazine to receive. IT always has so many different inspirational stories and great ideas! It has health tips and finance ideas and so much more and is reasonably priced as well! Readers Digest is a great magazine to receive.
What is Reader's Digest UK?
Reader's Digest is a member of the Independent Press Standards Organisation (which regulates the UK's magazine and newspaper industry).
Do they still make readers Digest books?
Reader's Digest Select Editions has brought readers condensed versions of quality fiction books since the 1950s, a legacy that proudly continues today. Subscribe below to get the best of fiction delivered right to your doorstep.
What do I do with old readers Digest books?
Give them to the nation's poorest communities Reader to Reader's impact has been incredibly wide-reaching and impactful. This charity is dedicated to bringing books to under-resourced schools and public libraries across America.
Do they still publish Reader's Digest condensed books?
The Reader's Guild has signed an exclusive, long-term licensing agreement to market and publish Reader's Digest's Condensed Book series as Reader's Digest Classic Editions.
What is Reader's Digest?
Reader’s Digest is part of Trusted Media Brands, home to some of the most iconic brands in the country, reaching a uniquely engaged audience across multiple digital platforms, social media, magazines, books, music, and events.
How many countries are there in Reader's Digest?
Today Reader’s Digest is published in 22 countries.
When was the first Reader's Digest published?
Reader’s Digest was first published in 1922 by DeWitt Wallace and Lila Acheson Wallace. A man ahead of his time and the world’s earliest “content curator,” DeWitt Wallace recognized that people were hungry for information but overwhelmed by choice, so he began collecting the best stories from a vast array of publications and condensing them into what today is almost universally referred to as “the Reader’s Digest version.” Each issue contained 31 articles (one to read each day of the month) of “enduring value and interest, in condensed and compact form.” Within five years the Wallaces were printing and distributing 30,000 copies.
How many copies of The Digest were sold in 1940?
By the 1940s, the Digest had surpassed 1 million copies a month and was the best selling publication in America—exceeded in sales only by the Bible and spreading its own gospel of “America the Great.”.
When was Reader's Digest founded?
History. Trusted Media Brands, Inc. (TMBI) was founded as Reader's Digest Association, Inc. (RDA) in New York City in 1922 by married duo DeWitt Wallace and Lila Bell Wallace. The two self-published the first edition of Reader's Digest in February 1922. To market the magazine, the two used direct mail marketing and sent 5,000 letters to nurses ...
What is Reader's Digest?
Reader's Digest is a digital content provider (RD.com) and print magazine that has been in publication since 1922. The brand offers a collection of true stories, advice, and humor. Content includes advice on health, nutrition, food, and home alongside stories of national and local interest.
When did RDA buy Joshua Morris?
At the time, it had 7,200 employees in 54 locations throughout the world. In 1991, RDA acquired Joshua Morris Publishing, a children's book publisher and made its first move into the children's book industry. In 2002, RDA purchased Reiman Publications and its selection of 12 magazines for $760 million.
What is Taste of Home magazine?
Taste of Home is a digital content provider (TasteofHome.com) and print magazine that offers information on food, cooking, and entertainment. Each year, the brand publishes 3,000 recipes, tips and stories from home cooks, all of which are tested and prepared in the Taste of Home Test Kitchen in Milwaukee, Wisconsin. Taste of Home also produced original web series called Fun with Food! and America the Tasty.
Who is the CEO of RDA?
On April 7, 2014, Bonnie Kintzer was appointed President and CEO of RDA. Kintzer had previously worked at RDA from 1998 to 2007. One of Kintzer's first major moves was to change the company's name to Trusted Media Brands, Inc. (TMBI) in September 2015. The new name was chosen to encompass all brands under the company's banner rather ...
Who bought RDA?
In March 2007, RDA was purchased by an investment group led by private equity firm, Ripplewood Holdings, for $1.6 billion. Ripplewood made RDA a private company for the first time since 1990.
What is a bird and bloom magazine?
Birds & Blooms is a bird and gardening magazine that is the largest such magazine in North America. It offers tips on gardening, DIY crafts, and information on birds and other backyard animals.
RIGHT BIAS
These media sources are moderately to strongly biased toward conservative causes through story selection and/or political affiliation.
Detailed Report
Reader’s Digest was founded in 1920 by husband and wife, DeWitt Wallace and Lila Bell Wallace. Reader’s Digest is a consumer magazine based in Manhattan, New York City. The CEO is Bonnie Kintzer, who took over in 2014 and the current editor is Bruce Kelley.
Where is Reader's Digest located?
The Reader’s Digest Association headquarters in Chappaqua, New York, was built in the 1930s and reflected the Early American architectural and decorating tastes of Lila Wallace. In 2004 major changes in the publishing industry led the Reader’s Digest management team to sell the property and relocate its headquarters to Manhattan.
When did Reader's Digest buy Reiman?
“Reader’s Digest” magazine would always retain its name on newsstands and online. But RD had made a significant acquisition in 2002 when it bought Reiman Publications for $760 million. Its publications — including “Taste of Home,” “Country” and “Country Woman” — stood on their own.
What MBA did John Kintzer have?
The Harvard MBA was a promising choice to turn the company around: No stranger to the brand, Kintzer had already served a nine-year tenure at Reader’s Digest a decade earlier, as general manager of North America and president of U.S. Publishing.
How much did RDA magazine revenue in 2015?
With readers and ad dollars swiftly moving toward digital — in 2007 U.S. magazine publishing revenue totaled $49.3 billion; in 2015 it sunk 43%, to $28.3 billion — old-line print media companies universally were fighting for survival.
How much did Kintzer's digital revenue grow?
In 2017, just three years into Kintzer’s tenure, the company retired its debt, said a Trusted Media spokesperson in an email to CNBC, adding that from January 2015 to December 2019, total digital revenue grew by 98%, with a compounded annual growth rate of 19% due to Kintzer’s rebranding and digital initiatives.
When was Reader's Digest first published?
Reader’s Digest first cover issue in Feb. 1922. Source: Reader’s Digest. What each title in the portfolio did have in common was that they were a trusted brand. So the new name was something of a no-brainer: Trusted Media Brands. Building a strong management team came next.
When did the magazine The Behemoth go bankrupt?
The behemoth, which began as a magazine in 1922 and grew into a direct-marketing powerhouse, with offices in 45 countries, was going through its second bankruptcy in five years and was on life support, having failed to adapt to advances in technology or recognize the way customers preferred to interact with content.
Our History
Ground-Breaking Journalism
- Through the years Reader’s Digesteditors continued to curate the best content from foremost publications and began also to commission ground-breaking reporting and original works that influenced public perception and sometimes forged changes in policy. 1935:“And Sudden Death” by Joseph C. Furnas reported on the rising death toll caused by automobile accidents—and som…
Our Mission
- Today, on the cusp of our 100th birthday, we continue to curate the very best and most engaging content for our readers, both print and digital. Reader’s Digest shares trusted advice and stories to help you and your family enjoy healthy, wealthy, and wise lives. We get to the heart of the matter and keep it simple, informative, and fun. “Shares”summarizes our process in a word. What autho…
Our Editorial Team
- Our editorial team is made up of writers, editors, and contributors with extensive professional experience in their fields of expertise. We share a journalistic commitment to providing our readers with the very best and most authoritative information on the internet. Meet the editorial team.
Affiliation
- Reader’s Digest is part of Trusted Media Brands, home to some of the most iconic brands in the country, reaching a uniquely engaged audience across multiple digital platforms, social media, magazines, books, music, and events.
Reader’s Digest Worldwide
- Reader’s Digest was the first print magazine to go international, starting with the United Kingdom in 1938, followed by a Spanish language edition in 1940, and eventually publishing in 17 languages in 34 countries. Today Reader’s Digest is published in 22 countries.
Contact Us
- Reader’s Digesteditorial division is headquartered in White Plains, NY: Trusted Media Brands 44 S. Broadway White Plain, NY 10601 Click through for additional contact information or customer service.
Overview
Trusted Media Brands, Inc. (TMBI), formerly known as the Reader's Digest Association, Inc. (RDA), is an American multi-platform media and publishing company that is co-headquartered in New York City and White Plains, New York. The company was founded by husband and wife DeWitt Wallace and Lila Bell Wallace in New York City in 1922 with the first publication of the magazine Rea…
History
Trusted Media Brands, Inc. (TMBI) was founded as Reader's Digest Association, Inc. (RDA) in New York City in 1922 by married duo DeWitt Wallace and Lila Bell Wallace. The two self-published the first edition of Reader's Digest in February 1922. To market the magazine, the two used direct mail marketing and sent 5,000 letters to nurses and schoolteachers. In 1925, DeWitt Wallace purchased land in Westchester County, New York where he moved the headquarters of RDA. In 1…
Brands and publications
Trusted Media Brands is home to several media brands across multiple digital platforms, social media, magazines, books, music, and events.
Taste of Home is a digital content provider (TasteofHome.com) and print magazine that offers information on food, cooking, and entertainment. Each year, the brand publishes 3,000 recipes, tips and stories from home cooks, all of which are tested and prepared in the Taste of Home Te…
Business divisions
North America
• Reader's Digest, RD.com, magazine, books;
• Taste of Home, TasteofHome.com, magazine, books;
• The Family Handyman, Birds & Blooms, Country, Farm & Ranch Living, Haven Home, Reminisce;
See also
• List of New York companies
• List of English-language book publishing companies
External links
• Official website