Welcome to another edition of our weekly round-up of the top news, service and features related to magazines that appeared elsewhere on the Internet this week.

The big news this week concerned the bankruptcy filing by the U.S. Reader's Digest Association. (Canadian business was "not affected," according to several reports.) Along with the news stories, you'll also find a couple of riffs on RD's influence by The Globe's John Ibbitson and The Toronto Star's David Olive. Also this week: CBC is launching a parenting site, Canadian Press is now offering editorial outsourcing and Gawker is actually making money.

• Reader's Digest to file for chapter 11 bankruptcy protection; only U.S. businesses affected [Folio:]
  
• In bankruptcy, Reader’s Digest CEO, CFO get sweet financial packages [Folio:]
• How Reader's Digest helped shape the middle class [Globe and Mail]
• How Reader's Digest blazed a trail for today's bloggers [David Olive]
• CBC to launch parenting website [Media in Canada]
  
• Trying to make sense of magazine closings [Folio:]
• Lessons learned from five media bright spots, including Gawker and Family Circle magazine [Advertising Age]
• Canadian Press to offer editorial outsourcing for newspapers [Marketing]
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