That doesn’t seem natural without a context. Is there more to the sentence?

E.g.

By one count, this is the 14th such programme since reform started in the late Soviet era. And it makes familiar reading. Many of the points make admirable common sense: improving the business environment, tougher bank regulation, and greater transparency of public finances.

The authors (who are still around selling the same line) were Stuart Butler and Peter Germanis and the article was entitled 'Social Security Reform: Achieving a 'Leninist' Strategy'. It makes familiar reading, you can read simple updates of it in every OpEd page of the WSJ the WaPo and the rest.

The 2005 national report from the National Audit Office was critical of the
cost of running Remploy. It makes familiar reading to those of us who
understand the problems and issues surrounding Remploy.

Смысл понятен.

It makes FOR familiar reading.

Я FOR не понимаю.

Дословно - это представляет собой знакомое чтение

That’s how this is correctly written: something makes for (adjective) reading. Although this isn’t always used in modern, dumbed-down English. 

Strange
https://www.macmillandictionary.com/dictionary/british/make-for

https://books.google.com/ngrams/graph?content=makes+interesting+reading%2C+makes+for+interesting+reading&year_start=1800&year_end=2000&corpus=15&smoothing=3&direct_url=t1%3B%2Cmakes%20interesting%20reading%3B%2Cc0%3B.t1%3B%2Cmakes%20for%20interesting%20reading%3B%2Cc0#t1%3B%2Cmakes%20interesting%20reading%3B%2Cc0%3B.t1%3B%2Cmakes%20for%20interesting%20reading%3B%2Cc0

Actually, if you use a wild card, you'll see that (as I said) the instances with FOR and without it are more or less evenly distributed, but the version with FOR is much more correct and idiomatic, and is unfortunately falling away in modern English.

Without FOR: https://books.google.com/ngrams/graph?content=makes+%2A+reading&year_start=1800&year_end=2019&corpus=26&smoothing=3&direct_url=t2%3B%2Cmakes%20%2A%20reading%3B%2Cc0%3B%2Cs0%3B%3Bmakes%20interesting%20reading%3B%2Cc0%3B%3Bmakes%20the%20reading%3B%2Cc0%3B%3Bmakes%20fascinating%20reading%3B%2Cc0%3B%3Bmakes%20good%20reading%3B%2Cc0%3B%3Bmakes%20excellent%20reading%3B%2Cc0%3B%3Bmakes%20pleasant%20reading%3B%2Cc0%3B%3Bmakes%20delightful%20reading%3B%2Cc0%3B%3Bmakes%20easy%20reading%3B%2Cc0%3B%3Bmakes%20exciting%20reading%3B%2Cc0%3B%3Bmakes%20absorbing%20reading%3B%2Cc0

With FOR: https://books.google.com/ngrams/graph?content=makes+for+%2A+reading&year_start=1800&year_end=2019&corpus=26&smoothing=3&direct_url=t2%3B%2Cmakes%20for%20%2A%20reading%3B%2Cc0%3B%2Cs0%3B%3Bmakes%20for%20easy%20reading%3B%2Cc0%3B%3Bmakes%20for%20interesting%20reading%3B%2Cc0%3B%3Bmakes%20for%20fascinating%20reading%3B%2Cc0%3B%3Bmakes%20for%20easier%20reading%3B%2Cc0%3B%3Bmakes%20for%20good%20reading%3B%2Cc0%3B%3Bmakes%20for%20difficult%20reading%3B%2Cc0%3B%3Bmakes%20for%20pleasant%20reading%3B%2Cc0%3B%3Bmakes%20for%20enjoyable%20reading%3B%2Cc0%3B%3Bmakes%20for%20exciting%20reading%3B%2Cc0%3B%3Bmakes%20for%20compelling%20reading%3B%2Cc0

“Strange” that that dictionary is so limited!

Here’s a less “strange” dictionary: https://www.collinsdictionary.com/us/dictionary/english/make-for

thanks
This one is even more limited - https://dictionary.cambridge.org/dictionary/english/make-for-sth

Actually, that one is correct too.