Thursday, March 05, 2009

Watching a Wreck

Why is bad news so addictive?

I can pass on the story about the little girl who raised a thousand dollars for Recording for the Blind (hint hint) but the headline that screams "Chapter 11" draws me in every time.

So here is today's dose of gloom and doom, even though I swear I will think only happy thoughts for the rest of the afternoon: Reader's Digest has hired a bankruptcy expert and is considering ... yeah, Chapter 11.

The New York Post says that "the company faced a potential restructuring over the next 18 months as revenue and profit slump." Barron's has a story on RDA too.

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