Reader's Digest parent seeks bankruptcy protection




Technology Top Stories from Associated Press (AP) show

Summary: NEW YORK (AP) , The parent company of Reader's Digest has filed for Chapter 11 bankruptcy protection for the second time in less than four years, saying it needs to cut its debt so it can keep restructuring. RDA Holding Co. says it will keep publishing the magazine during the bankruptcy, and aims to be out of Chapter 11 within six months.