Reader's Digest Trade Books Unit Growing Amid Widening Losses

November 2004
Book Publishing Report;11/8/2004, Vol. 29 Issue 43, p3
Trade Publication
The article focuses on the financial performance of Pleasantville, New York-based Reader's Digest's trade books division. The division reported $12 million in revenue for the first fiscal quarter of 2005 which ended on September 30, 2004, up 10% from the same quarter last year. Total revenues for first quarter of the financial year 2005 were $490 million, a decline of 1% from the revenues of $495 million during the same period in 2004 . The operating loss of $13.5 million in the first quarter of the financial year 2004 nearly tripled to reach $35.9 million.


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