Managing Director for Reader’s Digest Australia Pty Ltd, which also manages New Zealand, Walter Beyleveldt, confirmed today that the announced US RDA restructure has no impact on the New Zealand business, which continues to go from strength to strength.

“It will remain ‘business as usual’ for the New Zealand business and nothing will change for our employees, vendors or business partners.

“In New Zealand, Reader’s Digest remains the highest circulating monthly magazine in the country and the next year sees us planning to launch other Reader’s Digest magazine brands.”

He continues: “Our company advertising revenue grew by seven per cent in FY09 over prior year, despite a downturn in general advertising revenues in the magazine sector.

“Our New Zealand business continues to be healthy and profitable and is unaffected by any financial restructuring taking place in the US.”

For Further Information:
Fiona Hamann, Corporate Affairs Manager – +61(2) 9018 6224
Fiona.hamann@readersdigest.com