Reader’s Digest Association Gets Third CEO in Five Months
Reader’s Digest Association has yet another new CEO. The New York Post reports that Robert Guth, a board member, will replace Tom Williams, who was just named to the position in April.
The move is just more bad news for the company. Its most prominent magazine aside from Reader’s Digest, Every Day with Rachael Ray, has been getting bested by a big competitor, Food Network Magazine, for years now. On top of that ratings firms recently downgraded the company from stable to negative.
Guth clearly has his work cut out for him.
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