Reader's Digest files for bankruptcy- Shocking
Just read this on Sify.com. Shocking news, actually."San Francisco: Reader's Digest, once a favourite monthly magazine found in doctors' offices and on coffee tables in millions of homes in the US and around the world, filed for bankruptcy Monday as part of a restructuring deal announced last week.The deal will see lenders swap $1.6 billion in debt for a 92.5-per cent stake in the restructured firm with the remaining shares reserved for the board and senior management. The deal cuts the company's debt from $2.2 billion to $550 million and does not include any of the company's foreign subsidiaries, many of which remain profitable. The magazine is the latest of several debt-laden media companies in the US to succumb to the recession, which is also weighing on most major newspapers. The big media casualties this year include the Chicago Sun-Times, which filed for bankruptcy in March, and Denver's Rocky Mountain News, which shut down in February.
Reader's Digest was acquired in a leveraged buyout in 2007 by the private equity firm of Ripplewood Holdings for $1.6 billion. Ripplewood Holdings' investment is now wiped out and its lenders, JP Morgan Chase and Company, will take control of the company.
Reader's Digest, with headquarters in Pleasantville, New York, has had a storied history since it began publishing the pocket-sized magazine in the early 1920s. At its peak the magazine sold 18 million copies, which were translated into several foreign languages.
Like other US publications hit hard by the worsening economy in past years, Reader's Digest has faced circulation declines as readers switched to special interest publications."
Here are some favourite jokes from my Reader's Digest collection. (Will keep posting more of them as and when my whim and fancy allows me to)
Life's Like That:
On my parent's 50th anniversary, I said to Dad that he and mom never seemed to fight. "We battled," he said, "but shortly, one of us always realized that I was wrong"
Every new senior class at our school brings with it a new senior prank. recently, a group of students let three pigs loose inside the school. They were labelled Pig#1, Pig#2 and Pig# 4. School officials quickly rounded up the three pigs but spent the rest of the day looking for Pig# 3.
'Til then...watch this space for more Reader's Digest gems.
Extremely Funny Joke About Men And Women
The woman freed the frog, and the frog said, "Thank you, but I failed
to
mention that there was a condition to your wishes.
Whatever you wish for, your husband will get ten times of what you wish for!" The woman
said, "That's okay."
For her first wish, she wanted to be the most beautiful woman in the world.
The frog warned her, "You do realize that this wish will also make your
husband the most handsome man in the world, an Adonis whom women will
flock to". The woman replied, "That's okay, because I will be the most
Beautiful Woman and he will have eyes only for me."
So, KAZAM-she's the most beautiful Woman in the world!
For her second wish, she wanted to be the richest woman in the world.
The frog said, "That will make your husband the richest man in the world.
And he will be ten times richer than you. " The woman said, "That's okay,
because what's mine is his and what's his is mine."
So, KAZAM-she's the richest woman in the world!
The frog then inquired about her third wish, and she answered, "I'd
like a mild heart attack."
Moral of the story:
Women are clever. Don't mess with them.
Attention female readers: This is the end of the joke for you.
Stop here and continue feeling good.
Male readers: Please scroll down.
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The man had a heart attack ten times milder than his wife!!!
Moral of the story:
Women are really dumb but think they're really smart.
Let them continue to think that way and just enjoy the show
PS: If you are a woman and are still reading this; it only goes to show
that women never listen!!!
Forward this to all the guys for a good laugh, and to all the ladies
who have a good sense of humour.
Amazing Animated Video-Must See-It's Funny
This is very funny and interesting how the animator has made it. Read some of the comments posted on YouTube below. Incidentally this video has had more than 94 lacs hits and about 26 thousand comments. Whew!
Some comments on YouTube:
awe-freaking-some! :DDDD
dat was gay
dang lol pretty nice animations lol.
nice job
Excelente buenisimo
why?
Awsome but where do u get that! its awsome!
wow where did you get that? please tell me thanks xD
nice made : D
that was AWESOME ;DDD
Things You Never Knew Your Cell Phone Could Do
Press the following on your mobile *#06# and the-international mobile equipment identity number appears. Then check the 7th and 8th numbers:
| | 1 | 2 | 3 | 4 | 5 | 6 | 7 th | 8 th | 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| Phone serial no. | x | x | x | x | x | x | ? | ? | x | x | x | x | x | x | x |
IF the Seventh & Eighth digits are 08 or 80 this means your cell phone was manufactured in Germany which is fair quality
IF the Seventh & Eighth digits are 01 or 10 this means your cell phone was manufactured in Finland which is very Good
IF the Seventh & Eighth digits are 00 this means your cell phone was manufactured in original factory which is the best Mobile Quality
IF the Seventh & Eighth digits are 13 this means your cell phone was assembled in Azerbaijan which is very Bad quality and also dangerous for your health
THINGS YOU NEVER KNEW YOUR CELL PHONE COULD DO
There are a few things that can be done in times of grave emergencies.
Your mobile phone can actually be a life saver or an emergency tool for
survival. Check out the things that you can do with it: -
(1 )
EMERGENCY
* The Emergency Number worldwide for **Mobile** is 112 ..* If you find
yourself out of coverage area of your mobile network and there is an
emergency, dial 112 and the mobile will search any existing network to
establish the emergency number for you, and interestingly this number 112 can be dialed even if the keypad is locked. **Try it out.**
(2)
Have you locked your keys in the car? Does you car have remote keys?
This may come in handy someday. Good reason to own a cell phone:
If you lock your keys in the car and the spare keys are at home, call
someone at home on their cell phone from your cell phone.
Hold your cell phone about a foot from your car door and have the person at your home press the unlock button, holding it near the mobile phone on their end. Your car will unlock.
Saves someone from having to drive your keys to you. Distance is no object. You could be hundreds of miles away, and if you can reach someone who has the other "remote" for your car, you can unlock the doors (or the trunk).
Editor's Note: *It works fine! We tried it out and it unlocked our car over a cell phone!"*
(3)
Hidden Battery power
Imagine your cell battery is very low , you are expecting an important call
and you don't have a charger. Nokia instrument comes with a reserve
battery. To activate, press the keys *3370# Your cell will restart with
this reserve and the instrument will show a 50% increase in battery. This
reserve will get charged when you charge your cell next time.
AND
(4 )
How to disable a STOLEN mobile phone?
To check your Mobile phone's serial number, key in the following digits on your phone:
* # 0 6 #
A 15 digit code will appear on the screen. This number is unique to your handset. Write it down and keep it somewhere safe. when your phone get stolen, you can phone your service provider and give them this code. They will then be able to block your handset so even if the thief changes the SIM card, your phone will be totally useless.
You probably won't get your phone back, but at least you know that whoever stole it can't use/sell it either. If everybody does this, there would be no point in people stealing mobile phones.
This article has been sourced from a mail sent to me by my friend. I do not know the original source of this article.
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