The History Of Reader's Digest

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The first issue of Reader's Digest magazine was published in 1922 and sold it for 25 cents. In 1923, a one year subscription by mail was available for a special rate of $2.75 and subscription members grew quickly where sometime in 1925, the Wallaces hired their full time employee. By 1929, the magazine was also available on newsstands. By 1934, the circulation was nearly 1.5 million. The Wallaces would continue to actively manage the business until 1970's, when they were in their 80s. In 1939, soon after the initial international edition of Reader's Digest was published in the United Kingdom, the magazine and organization had expanded enough that a bigger headquarters facility was needed. The Reader's Digest Association moved to a large Georgian building in Chappaqua, New York. Then building has continued to expand ever since to accommodate the growing company. The magazines popularity in the United States soon led to its publication in many countries worldwide. In 1940, the first foreign language edition was published for Latin American distribution. A Swedish edition was first published in 1943; a Finnish edition was started in 1945. Numerous other editions in many other languages have followed. The global edition is listed as below:- •1938 : United Kingdom •1940 : Latin America (in Spanish) •1942 : Brazil •1943 : Sweden •1945 : Finland •1946 : Australia, Denmark •1947 : Belgium (French), France, Norway •1948 : Canada (English and French), Germany, Italy, South Africa, Switzerland (French and German) •1950 : Argentina, New Zealand •1952 : Austria, Spain •1954 : India (English) •1957 : Netherlands •1965 : Hong Kong (English), Southeast Asia (Chinese) •1968 : Belgium (Dutch) •1971 : Hispanics in the United States (Spanish), Portugal •1978 : South Korea •1991 : Hungary, Russia •1993 : Czech Republic •1995 : Poland •1996

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