Laundry Room Chronicles: Reader’s Digest Debacle

Discussing the Reader’s Digest bankruptcy, with Carrie Lee in New York and me just a few paces from the suburban home office:

Update: I made a misstatement in the video, in saying that Alpha Media and Vibe had filed for bankruptcy protection. Neither one has done so. Instead, both PE-backed companies were written off by their equity sponsors and were either recapped (Alpha) and/or sold (Vibe). Major apologies.