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Reader's Digest parent records $100,000 loss for Feb. 17-March 31
By Caroline Salls
Pittsburgh, April 30 - RDA Holding Co., the parent of the Reader's Digest Association, Inc., reported a $100,000 operating loss for the period of Feb. 17 through March 31 on $21.9 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The net loss for the period was $6.2 million.
RDA had $65.8 million in cash and cash equivalents as of March 31.
Reader's Digest, a subsidiary of RDA Holding Co., is a media and direct marketing company based in New York. The company filed for bankruptcy on Feb. 17 under Chapter 11 case number 13-22233.
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