READERS DIGEST
November 1st, 2001
BY MONICA DOBIEAMERICA'S Readers Digest Association Inc. showed a significant loss of US 1.1 million or a penny a share for the quarter ended September 30, 2001, compared with a net income at US $22.3 million or 21 cents a share for the same period last year.Revenues fell to US$497.5 million from US$551.5 million in the same quarter in the year 2000.The sluggish economy and events of September 11 damaged book sales and lowered response rates to sweepstakes, hurting revenues across the company's major business segments.Thomas O. Ryder, Chairman and Chief Executive ...
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