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Founders DeWitt and Lila Wallace published their first issue of Reader's Digest in 1922. Now Reader's Digest is the largest-selling magazine in the world, appearing in 50 editions and 21 languages. The company also sells more than 25 other magazines, including Every Day with Rachael Ray and Taste of Home. An investor group led by Ripplewood Holdings acquired the company for $1.6 billion in 2007.