Readers' Digest to Delay Bankruptcy Emergence
NEW YORK (Reuters) - Reader's Digest Association Inc said on Monday it would delay its emergence from bankruptcy after Britain's pension regulator said it would not approve the publisher's agreement with pension fund trustees regarding a British pension fund deficit. The British arm of Reader's Digest in January reached an agreement with the trustees of its and the UK Pension Protection Fund to resolve the company's deficit. The agreement was contingent on approval from the UK Pensions Regulator, which has indicated it will not approve the pension application. This issue is specific to the British entity and does not involve any other RDA company, Reader's Digest said. Reader's Digest said the British entity is now reviewing its options. In the meantime, the company will
