Publishing House Research
Company Monitor Report
April 30, 2005
The Reader's Digest Association, Inc.
Reader's Digest Road
Pleasantville, New York 10570-7000
Main Telephone Number:
(914) 238-1000
NYSE symbol: RDA
The Reader's Digest commercial home page
The Reader's Digest Association
Investor Relations home page
The Reader's Digest Association
- real time financial information
Latest
Reader's Digest Assoctiation SEC filing, 10Q dated March 31, 2005
Latest
Reader's Digest Association 10-K, dated June 30, 2004
The Reader's Digest Association: Highlights from the
press, April 1 through April 30, 2005
- Corporate Developments -
New York State officials State officials announced a settlement
with the Reader's Digest Association for what they said was that organization's
deceptive marketing of its sweepstakes contests. RDA agreed to pay $171,000
in restitution to consumers who bought Reader's Digest products in the state
and $25,000 to the state to cover the costs of the case.
The New York Times, April 3, 2005
*
The Reader's Digest Association agreed to a new five-year, $400 million revolving
credit facility. The new facility was used to retire all of RDA's previous revolver
borrowings in addition to its outstanding term loans.
PR Newswire US, April 14, 2005
*
The Reader's Digest Association declared a quarterly dividend of 10 cents per
share. The dividend is payable May 17, 2005 to stockholders of record at the
close of business May 6, 2005. This is the 61st consecutive quarterly dividend
paid by Reader's Digest Association since the company's 1900 IPO.
PR Newswire US, April 22, 2005
*
The Reader's Digest Association held its 3Q 2005 Earnings Conference Call.
FD (Fair Disclosure) Wire, April 28, 2005
[This article is a transcript of the call.]
*
The Reader's Digest Association announced its 3Q Fiscal 2005 Results:
$1.33 per share including two non-cash charges totaling $142 million, or $1.41
per share.
PR Newswire US, April 28, 2005
*
The Board of Directors of The Reader's Digest Association approved the repurchase
of $100 million of the company's common stock over the next two years. If executed
fully at the stock price as of March 31, 2005, repurchase would retire six percent
of the shares outstanding, or 6 million shares.
PR Newswire US, April 28, 2005
- New Products -
The Reader's Digest Association announced a revised and updated
illustrated biography of Pope John Paul II, John Paul II: The Man, the Disciple,
the Leader. The book will be published in mid-May.
PR Newswire US, April 8, 2005
*
Reader's Digest Children's Publishing and Hasbro Properties Group
announced that they will publish and distribute a new line of board books and
sound books. The books will be based on the Tonka brand.
Drug Store News, April 11, 2005
*
The Reader's Digest Association announced that it is launching
a lifestyle magazine titled with the name of Rachael Ray, the host of Food Network's
30-Minute Meals. Ray will act as editor-in-chief of the magazine titled
Every Day with Rachael Ray.
PR Newswire US, April 25, 2005
*
The Reader's Digest Association announced a redesigned and updated
edition of The New Complete Do-It-Yourself Manual, which was originally
released in 1973.
St. Louis Post-Dispatch (Missouri), April 30,
2005
*
The Reader's Digest Association announced the publication of Care-free
Plants: A Guide to Growing the 200 Hardiest, Low-Maintenance, Long-Living Beauties
in Canada.
The Star Phoenix (Saskatoon, Saskatchewan), April
30, 2005
- Executives -
The Reader's Digest named Tom Ott General Manager of the Home & Garden
Division of its North America Publishing Group.
PR Newswire US, April 19, 2005
- Community Relations -
New York State officials announced a settlement with The Reader's Digest for
what they said was deceptive marketing of its sweepstakes.
The New York Times, April 3, 2005
*
The Reader's Digest's Books Are Fun division filed a motion to amend its lawsuit
against Reader's Choice, a display marketing company.
Publishers Weekly, April 4, 2005
*
The Reader's Digest's Golden Jubilee celebrations were held in Mumbai, hosted
by the India Today Group, which owns the Reader's Digest brand in India.
India Today, April 11, 2005
*
The Reader's Digest National Word Power Challenge was held in Florida. The
national vocabulary competition is an educational outreach program of The Reader's
Digest.
Associated Press, April 19, 2005
*
The Reader's Digest SuperBrands Award ceremony took place at the Hilton Kuala
Lumpur. Awards were granted to Malaysia's leading products.
Malay Mail, April 29, 2005
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