TITLE

School Revenue Declines 17% at Reader's Digest

PUB. DATE
October 2008
SOURCE
Educational Marketer;10/27/2008, Vol. 39 Issue 21, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sharp revenue decline in the School & Educational Services, an educational division of Pleasantville, New York-based Reader's Digest Association, by 17% to 458 million dollars in fiscal 2008. It notes that the division had accounted for about 16% of the association's 2.79 billion dollars in revenue for the year. Reader's Digest president and chief executive officer (CEO) Mary Berner imputed the revenue decline to the performance of the company's fundraising programs.
ACCESSION #
61355915

 

Related Articles

  • NEW CHIEF ENERGIZES SLEEPY PUBLISHER. Flamm, Matthew // Crain's New York Business;12/31/2007, Vol. 23 Issue 53, p9 

    The article reports on the appointment of Mary Berner as chief executive officer at Reader's Digest Association Inc.

  • Fresh Start. Moses, Lucia // MediaWeek;8/11/2008, Vol. 18 Issue 29, p5 

    The article reports that Mary Berner, chief executive officer (CEO) of the Reader's Digest Association, is planning to start two magazines in the U.S. based on successful magazines in Canada and Australia. The two magazines will be called "Best You," and "Fresh Home." Alyce Alston, president of...

  • TOMORROW, MARY BERNER WILL BE SALUTED FOR HER SUPPORT OF ST. PIUS V H.S….  // Media Industry Newsletter;5/11/2009, Vol. 62 Issue 19, p10 

    This article praises Mary Berner, chief executive officer of the Reader's Digest Association since March 2007, for her efforts to help and save the St. Pius V Catholic girls high school in the South Bronx district of New York during the late 1980s. Berner was the sales executive at "Working...

  • NEW CHIEF ENERGIZES SLEEPY PUBLISHER. Flamm, Matthew // Crain's New York Business;11/26/2007, Vol. 23 Issue 48, p20 

    The article reports on how Reader's Digest Association Inc. has been energized by its new chief executive Mary Berner. In February 2007, the company was taken private by Ripplewood Holdings in a $2.4 billion deal. Mary has restructured its diverse properties and imported top executives from her...

  • Guiding Light. Moses, Lucia // MediaWeek;12/4/2006, Vol. 16 Issue 44, p6 

    The article focuses on Mary Berner, the new executive of Reader's Digest Association. As Ripplewood Holdings, a private-equity firm, plans on purchasing the company, morale is reportedly low among employees. Berner's first task will be to encourage and reassure employees. Her experience as the...

  • TOUGH LOVE. Kinsman, Matt // Folio: The Magazine for Magazine Management;Sep2007, Vol. 36 Issue 9, p36 

    The article discusses changes at Reader's Digest Association under the leadership of its president and CEO, Mary Berner, following the sudden $2.4 billion acquisition of the company by an investment group led by Ripplewood Holdings. Berner brought in some of her former Conde Nast associates,...

  • MEMO PAD. Wicks, Amy; Carmon, Irin // WWD: Women's Wear Daily;11/30/2006, Vol. 192 Issue 113, p13 

    The article presents news briefs on the magazine publishing industry in the U.S. Mary Berner is likely to be the next chief executive officer of Reader's Digest Association. Conde Nast's is building a staff for its Web site Portfolio.com, hiring Sara Clemens as lifestyle editor, Zubin Jelveh as...

  • MARY BERNER: RIPPLEWOOD IS IN NO RUSH TO "FLIP" READER'S DIGEST ASS'N.….  // Media Industry Newsletter;7/14/2008, Vol. 61 Issue 27, p1 

    The article reports that there is no pressure on the purchase of Reader's Digest Association by Ripplewood Holdings. Mary Berner, chairman and chief executive officer (CEO) of Ripplewood, said the company's investments can last for more than 10 years, and that its performance is good overseas...

  • STOCK WATCH: READER'S DIGEST ASSOC.'S 17-YEAR "PUBLIC" ERA IS NEARLY OVER.  // Media Industry Newsletter;2/5/2007, Vol. 60 Issue 6, p4 

    The article reports that Reader's Digest Association shareholders were expected to approve the $2.4 billion sale of the periodical to Ripplewood Holdings LLC on February 2, 2007. Should the sale push through, Reader's Digest Association will go private under chief executive officer Mary Berner...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics