Business House Research
Company Monitor Report
April 30, 2005


The Reader's Digest Association, Inc.
Reader's Digest Road
Pleasantville, New York 10570-7000
Main Telephone Number:
(914) 238-1000
NYSE symbol: RDA

The Reader's Digest commercial home page

The Reader's Digest Association Investor Relations home page

Reader's Digest Association SEC filing, 10Q dated March 31, 2005

Reader's Digest Association 10-K, dated September 9, 2004


The Reader's Digest Association: Highlights from the press, April 1 through April 30, 2005

- Corporate Developments -

New York State officials State officials announced a settlement with the Reader's Digest Association for what they said was that organization's deceptive marketing of its sweepstakes contests. RDA agreed to pay $171,000 in restitution to consumers who bought Reader's Digest products in the state and $25,000 to the state to cover the costs of the case.
The New York Times, April 3, 2005

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The Reader's Digest Association agreed to a new five-year, $400 million revolving credit facility. The new facility was used to retire all of RDA's previous revolver borrowings in addition to its outstanding term loans.
PR Newswire US, April 14, 2005

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The Reader's Digest Association declared a quarterly dividend of 10 cents per share. The dividend is payable May 17, 2005 to stockholders of record at the close of business May 6, 2005. This is the 61st consecutive quarterly dividend paid by Reader's Digest Association since the company's 1900 IPO.
PR Newswire US, April 22, 2005

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The Reader's Digest Association held its 3Q 2005 Earnings Conference Call.
FD (Fair Disclosure) Wire, April 28, 2005 [This article is a transcript of the call.]

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The Reader's Digest Association announced its 3Q Fiscal 2005 Results:
$1.33 per share including two non-cash charges totaling $142 million, or $1.41 per share.
PR Newswire US, April 28, 2005

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The Board of Directors of The Reader's Digest Association approved the repurchase of $100 million of the company's common stock over the next two years. If executed fully at the stock price as of March 31, 2005, repurchase would retire six percent of the shares outstanding, or 6 million shares.
PR Newswire US, April 28, 2005

- New Products -

The Reader's Digest Association announced a revised and updated illustrated biography of Pope John Paul II, John Paul II: The Man, the Disciple, the Leader. The book will be published in mid-May.
PR Newswire US, April 8, 2005

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Reader's Digest Children's Publishing and Hasbro Properties Group announced that they will publish and distribute a new line of board books and sound books. The books will be based on the Tonka brand.
Drug Store News, April 11, 2005

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The Reader's Digest Association announced that it is launching a lifestyle magazine titled with the name of Rachael Ray, the host of Food Network's 30-Minute Meals. Ray will act as editor-in-chief of the magazine titled Every Day with Rachael Ray.
PR Newswire US, April 25, 2005

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The Reader's Digest Association announced a redesigned and updated edition of The New Complete Do-It-Yourself Manual, which was originally released in 1973.
St. Louis Post-Dispatch (Missouri), April 30, 2005

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The Reader's Digest Association announced the publication of Care-free Plants: A Guide to Growing the 200 Hardiest, Low-Maintenance, Long-Living Beauties in Canada.
The Star Phoenix (Saskatoon, Saskatchewan), April 30, 2005

- Executives -

The Reader's Digest named Tom Ott General Manager of the Home & Garden Division of its North America Publishing Group.
PR Newswire US, April 19, 2005

- Community Relations -

New York State officials announced a settlement with The Reader's Digest for what they said was deceptive marketing of its sweepstakes.
The New York Times, April 3, 2005

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The Reader's Digest's Books Are Fun division filed a motion to amend its lawsuit against Reader's Choice, a display marketing company.
Publishers Weekly, April 4, 2005

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The Reader's Digest's Golden Jubilee celebrations were held in Mumbai, hosted by the India Today Group, which owns the Reader's Digest brand in India.
India Today, April 11, 2005

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The Reader's Digest National Word Power Challenge was held in Florida. The national vocabulary competition is an educational outreach program of The Reader's Digest.
Associated Press, April 19, 2005

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The Reader's Digest SuperBrands Award ceremony took place at the Hilton Kuala Lumpur. Awards were granted to Malaysia's leading products.
Malay Mail, April 29, 2005


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