Chicken Soup for the Soul Entertainment, known for its uplifting books and diverse media ventures, including Redbox, has been dealing with significant financial challenges. Despite its optimistic ethos, positive thinking wasn’t enough to keep the company from filing for Chapter 11 bankruptcy protection last week in Delaware. As reported by CBS news, the company had extensive … [Read more...] about Uplifting Publisher Chicken Soup for the Soul Bankrupt
Chapter 11
Readers Digest Files for Bankruptcy Following First Digital-Over-Print Sales Month
One of the mainstays of American magazine publishing who enjoyed an extensive international reach announced yesterday that it would be filing for protection under Chapter 11 bankruptcy proceedings. Reader's Digest, who only in December reported its first month in which digital copies outsold print editions of the magazine, will now come out of the action 80% lighter in the debt … [Read more...] about Readers Digest Files for Bankruptcy Following First Digital-Over-Print Sales Month