U.S. Selecciones Magazine to Close

U.S. Selecciones Magazine to Close

NEW YORK, May 4 /PRNewswire/ -- The U.S. edition of Selecciones magazine will close after the June issue, it was announced today by The Reader's Digest Association, Inc. (RDA), its publisher. Eva Dillon, President of Reader's Digest Community, said the company had determined that the edition no longer is a viable long-term business.

"Reader's Digest Community is committed to sustainable, long-term growth, and this move allows us to commit our resources to new opportunities that will have the most potential for successful performance in today's marketplace," Dillon said.

The decision does not affect Selecciones in 17 other countries, where it continues as a powerful global brand distributed in Latin America and Europe.

About The Reader's Digest Association, Inc.

RDA is a global multi-brand media and marketing company that educates, entertains and connects audiences around the world. The company builds multi-platform communities based on branded content. With offices in 44 countries, it markets books, magazines, and music, video and educational products reaching a customer base of 130 million in 78 countries. It publishes 94 magazines, including 50 editions of Reader's Digest, the world's largest-circulation magazine, operates 65 branded websites generating 22 million unique visitors per month, and sells approximately 40 million books, music and video products across the world each year. Its global headquarters are in Pleasantville, N.Y.

Forward-looking Statements

Certain matters discussed in this news release and oral statements made from time to time by representatives of RDA (including, but not limited to, statements regarding the expectations of operating plans and strategies generally; statements regarding expectations of the performance of our lines of business and other lines of business; and future operating results) may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although RDA believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the company and the statements made herein are contained in RDA's public filings with the Securities and Exchange Commission. For forward-looking statements in this news release, RDA claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. RDA assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

First Call Analyst:
FCMN Contact:

Source: The Reader's Digest Association, Inc.

CONTACT: William Adler, +1-914-244-7585, William
Adler@ReadersDigest.com

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Profile: International Entertainment