Reader’s Digest might have been the first “aggregation site.” Its original concept was to take existing articles from other magazines and rewrite them into a unified, compact package.

Then it became a near-right, squarer-than-square money machine.

Now, the NYTimes reports, both the magazine and the company that bears its name are hollowed-out shells of their former selves. A leveraged buyout led to millions in debts, massive layoffs, and the installation of new execs spouting acronym-heavy motivational schticks.

They’re even abandoning their mammoth quasi-colonial suburban offices. Which, despite the mag’s mailing address, are not in Pleasantville NY, but in another town a dozen miles away.