Reader's Digest Association Inc. unveiled a restructuring plan yesterday to focus on its North American print and digital business as it prepares to emerge from bankruptcy protection, Dow Jones Newswires reported yesterday. "We have rethought our business practices and shed legacy industry conventions that were no longer good for our business or our customers so that we can redirect our resources towards making better, more compelling and relevant products," Chief Executive Robert E. Guth said. The parent of Reader's Digest magazine, founded 91 years ago under a speakeasy in the Greenwich Village section of New York, said that it will shed circulation that doesn't contribute to the magazine's profitability and will eliminate unprofitable subscription offers. It plans to introduce a more profitable subscription pricing structure but said it will stabilize prices for existing customers.
