Monday, March 5, 2007

Reader's Digest no longer a public company

With the announcement Friday that it has completed its US$1.6 billion dollar acquisition of Reader's Digest Association (RDA), Ripplewood Holdings marks the end of 17 years as a publicly traded company on the New York Stock Exchange. The purchase of RDA by the private investment group is indicative of a recent trend toward private ownership at large media companies.Effective immediately, RDA

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