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Culture & entertainment

Reader's Digest was founded in a basement in New York

HERE’S THE INTERESTING PART

The magazine your grandparents relentlessly forwarded to you started in the most clichéd entrepreneurial way possible. DeWitt Wallace and his wife Lila launched the pocket-sized publication from a tiny Greenwich Village basement in 1922. They simply repackaged existing articles from other publications into condensed versions, proving that aggregation has always been highly profitable.

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Reader's Digest was founded in a basement in New York
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