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BUSINESS
October 29, 1998 | From Times Wire Services
Amazon.com Inc. said its loss widened in the third quarter, but much less than analysts had expected, as it poured more money into advertising and as its sales quadrupled. The No. 1 online bookseller said it lost $24.7 million, or 49 cents a share, in the latest quarter, compared with a loss of $9.6 million, or 21 cents, a year ago. Analysts expected a loss of 57 cents a share, according to First Call Corp. Sales climbed to $153.7 million from $37.
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BUSINESS
October 29, 1998 | From Times Wire Services
Amazon.com Inc. said its loss widened in the third quarter, but much less than analysts had expected, as it poured more money into advertising and as its sales quadrupled. The No. 1 online bookseller said it lost $24.7 million, or 49 cents a share, in the latest quarter, compared with a loss of $9.6 million, or 21 cents, a year ago. Analysts expected a loss of 57 cents a share, according to First Call Corp. Sales climbed to $153.7 million from $37.
BUSINESS
December 20, 1989 | PAUL RICHTER, TIMES STAFF WRITER
Reader's Digest Assn., publisher of the world's most widely read magazine, on Tuesday issued the prospectus for its first stock offering and in so doing lifted a veil of secrecy that has hidden its inner financial workings for six decades. The prospectus for the sale of 25 million non-voting shares showed a publishing and direct-mail business that has undergone booming growth in recent years but that also saw profit growth abruptly slow in the fiscal year that ended last June.
BUSINESS
December 20, 1989 | PAUL RICHTER, TIMES STAFF WRITER
Reader's Digest Assn., publisher of the world's most widely read magazine, on Tuesday issued the prospectus for its first stock offering and in so doing lifted a veil of secrecy that has hidden its inner financial workings for six decades. The prospectus for the sale of 25 million non-voting shares showed a publishing and direct-mail business that has undergone booming growth in recent years but that also saw profit growth abruptly slow in the fiscal year that ended last June.
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