Wednesday, August 19, 2009
Readers Digest USA: private equity lets the deal go down
Did you follow the takeover of Readers Digest by a US private equity firm a couple of years back? Here are a couple of experts opining on the wisdom of that investment (with the benefit of hindsight). According to Jim Cramer (second video) not only is the magazine business kaput, no media stock is worth investing in at the moment.