Reader's Digest Looking to Unload Web's Top Food Site?
Allrecipes.com had become company's digital jewel
The struggles of Reader’s Digest magazine have grabbed headlines in recent years, but a food website may have been a bigger factor in Mary Berner’s departure as CEO of Reader’s Digest Association.
Berner is said to have clashed over the company’s direction with its new board, which is loaded with representatives from hedge funds and investment banks. The board named CFO Tom Williams to replace Berner, prompting speculation that the company is on a path to sell off some of its assets.
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