British institution Reader’s Digest is under threat after the UK edition of the global magazine went into adminstration, it was announced yesterday.

The fate of this once best-read magazine in Britain and its 117 staff now hang in the balance after a reign of 72 years.

These are tough times for everyone and the media world has been no exception. Casualties last year included The London Lite, thelondonpaper, Arena, Maxim and Eve to name but a few; elsewhere there have been radical shake-ups and mass redundancies, with even big-name publishers, such as Guardian News and Media, running at a reputed loss of £100,000 every day.

Fingers crossed that Reader’s Digest can hang on in there! PR Superstar b2b client, The Leadership Theatre and their Director’s Cut event, feature in this month’s edition.