Reader's Digest Association and six affiliates filed for Chapter 11 protection late Sunday night, the publisher's second bankruptcy filing in 3½ years and another example of the pressures on media companies still relying on their print publications.

Closely held Reader's Digest listed more than $1.1 billion in assets and about $1.2 billion in liabilities on its bankruptcy petition, filed with the U.S. Bankruptcy Court in White Plains, N.Y.

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