Reader's Digest Revenue Up, Profit Down
Reader's Digest Association Inc., Pleasantville, NY, reported revenue yesterday of $798 million for its second quarter of fiscal 2005, which ended Dec. 31, up from $796 million in the year-ago period.Operating profit was $88 million, down from $114 million.
Revenue at its International Businesses division was up $31 million to $306 million. Consumer Business Services, its children's products division in the United States and Canada, fell $24 million to $250 million, and the Reader's Digest North America division was down $8 million to $252 million.
Kristen Bremner covers list news, insert media, privacy and fundraising for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters
