Thursday, July 15, 2010

Lila and DeWitt Wallace, founders of Reader's Digest


A Reader's Digest Timeline:
1922:
The innovative and forward-thinking Lila and DeWitt Wallace publish the first issue of Reader's Digest magazine.
1939: Circulation of Reader's Digest magazine passes 1 million mark, reaches nearly 1.5 million.
1939: Reader's Digest moves into its huge Georgian-style headquarters in Chappaqua, NY.
1981: DeWitt Wallace dies, aged 91.
1984: Lila Wallace dies, aged 94.
2004: Reader's Digest sells the headquarters, leases back office space.
2009: Reader's Digest files for Chapter 11 bankruptcy.
2010: Reader's Digest emerges from Chapter 11 bankruptcy.
2010: Reader's Digest relocates to White Plains, NY and New York City.
2010: Sue Nami censored on Reader's Digest intranet.

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