Reader's Digest Association said to be up for sale to raise at least $1 billion

Reader's Digest Association (RDA) is reported to be for sale for around $1 billion, according to a story in the Financial Times. The story goes on to say that this is not necessarily a package deal and that the company might be open to selling parts rather than the whole.   The company, which has about 90 magazines, went into bankruptcy protection in the U.S. last year and only emerged in