September 17, 2014 1:38 AM ET

Media

Company Overview of The Reader's Digest Association, Inc.

Company Overview

The Reader's Digest Association, Inc. operates as a multi-brand and multi-platform media and direct marketing company that educates, entertains, and connects audiences worldwide. It publishes magazines representing a portfolio of content in genres, such as food, entertainment, health, wellness, home improvement, and gardening. The company’s portfolio include magazines, books, videos, and music; specialty publications; and Websites. It also publishes books for children and adults that are sold primarily through retail stores of various kinds. In addition, the company offers third-party products and services comprising non-published products, including vitamins and related health products, jew...

44 South Broadway

18th floor

White Plains, NY 10601

United States

Founded in 1922

4,700 Employees

Phone:

914-244-5620

Fax:

914-244-5644

Key Executives for The Reader's Digest Association, Inc.

Chief Executive Officer and President
Age: 52
Vice President and Editor-in-Chief of International Editions & Magazine Development
Age: 72
Vice President and Editor-in-Chief for Home & Garden Affinity
Editor-In-Chief
Chief Financial Officer and Executive Vice President
Age: 56
Compensation as of Fiscal Year 2014.

The Reader's Digest Association, Inc. Key Developments

The Reader's Digest Association, Inc. Appoints Bonnie Kintzer as President and Chief Executive Officer, Effective April 7, 2014

The Reader's Digest Association, Inc. announced that its board of directors has appointed Bonnie Kintzer as President and CEO, effective April 7, 2014. Ms. Kintzer was previously CEO, Women's Marketing Inc. Mr. Guth will remain Chairman of the Board of Directors. Ms. Kintzer brings more than 20 years of media industry experience focused on growing and building organizations and brands. During her nearly 9 year tenure at Reader's Digest Association, Ms. Kintzer held a number of senior executive positions and was responsible for a number of the company's publishing and digital properties including Reader's Digest, Taste of Home, Birds & Blooms, The Family Handyman, RD.com and Allrecipes.com.

The Reader's Digest Association, Inc. Completes Financial Restructuring; Announces Executive Appointments

The Reader's Digest Association, Inc. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 with an improved capital structure and a renewed focus on its most profitable businesses. As a result of the restructuring the company has reduced its debt burden by over 80% to approximately $100 million, largely through a debt to equity conversion of its secured notes. As previously announced, the company's new business model will focus on its North American print and digital business, building engagement and excitement amongst its loyal customers. Additionally, it will serve its international markets through a combination of owned and licensed relationships, and intends to continue to migrate to a fully licensed structure over time. In connection with the restructuring, two new Board members from GoldenTree Asset Management L.P., Steven Shapiro and Ted Lodge, and one new director appointed by Empyrean Capital Partners will join current board members Nick Cyprus and Bob Guth. Guth, the company's President and Chief Executive Officer, will also serve as Chairman of the Board. The company expects to name another two directors to the Board.

The Reader's Digest Association Announces Board Changes

The Reader's Digest Association, Inc. in connection with the restructuring, two new Board members from GoldenTree Asset Management L.P., Steven Shapiro and Ted Lodge, and one new director appointed by Empyrean Capital Partners will join current board members Nick Cyprus and Bob Guth. Mr. Guth, the company's President and Chief Executive Officer, will also serve as Chairman of the Board.

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