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DeWitt and Lila Wallace published their first issue of Reader's Digest in 1922. They sold the magazine exclusively by mail and priced it at 25¢. Working out of their Greenwich Village apartment, the Wallaces edited the magazine and printed 5,000 copies. Since then, The Reader's Digest Association, Inc. has grown to become one of the world's preeminent publishers and direct marketers.

Reader's Digest, the largest-selling magazine in the world, now appears in 50 editions and 21 languages, following new launches during the past year in Romania, Slovenia and Croatia. The magazine is sold in more than 60 countries.

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