Mike Luckwell buys struggling title from Jon Moulton's private equity company, Better Capital, with plan to target over-50sReader's Digest has been sold for just £1 to Mike Luckwell, whose previous major investments have included Bob the Builder creator HIT Entertainment and WPP.Jon Moulton's private equity company, Better Capital, has offloaded Reader's Digest UK – the waiting room staple that was once the biggest selling magazine in the world – after investing tens of millions of pounds into trying to rejuvenate the struggling business.Luckwell, the venture capitalist whose personal fortune is estimated at more than £135m, has acquired the title with the aim of targeting the "frisky over-50s" group that holiday and insurance company Saga has built a successful business on."Saga cleverly focused on holidays and the financial sector for the over-50s, but now has a finger in many pies," Luckwell said. "Today it has annual sales running into hundreds of millions – that merits a bit of competition."Luckwell said the acquisition will provide access to a database of more than 1.5 million names, of which only 9% have recently purchased a Reader's Digest product."There is significant potential to further develop and utilise those large databases," he said.Better Capital took the business out of administration in a £13m management buy-out in April 2010, and has since ploughed a further £23m into the company.The investment failed to fuel a turnaround at the title, which no longer... Continue reading at 'The Guardian'
[ The Guardian | 2014-02-17 00:00:00 UTC ]
Cevian Capital founder argues most of education publisher’s business is there and move would raise its valueBusiness live – latest updatesPearson’s biggest shareholder has said it should be relisted in the US, arguing that leaving London would be better for shareholders as most of the education... Continue reading at The Guardian
[ The Guardian | 2023-12-15 12:22:42 UTC ]
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The literary world knows Iowa City as home to America’s first creative writing program and a UNESCO City of Literature, but it’s also a landmark city for cinephiles. In the early 1960s, Refocus debuted in Iowa City as one of the largest cinematography and still photography festivals in the... Continue reading at Literrary Hub
[ Literrary Hub | 2023-09-29 08:25:20 UTC ]
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Guardian photographer who captured most of the main events and notable people from the early 1960s to the late 90sThe photographer Frank Martin, who has died aged 89, was on the staff of the Guardian from 1964 to 1997, creating an extensive body of work that covered news, arts, fashion, politics... Continue reading at The Guardian
[ The Guardian | 2022-04-13 16:01:26 UTC ]
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‘When I’m advocating for trans people and trans rights, I’m advocating from a place of real experience,’ the ‘AHS’ star told Fast Company. Actor, founder, and activist Angelica Ross first broke out as a performer. On-screen she made history as the first female transgender actress to secure two... Continue reading at Fast Company
[ Fast Company | 2021-09-30 09:55:09 UTC ]
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If lockdown has New Yorkers going postal, the independent journal Civilization has revived the tradition of mail art in order to make us all feel less isolatedIn New York in the early 1960s, the pop artist Ray Johnson pioneered mail art, posting drawings and notes to friends, which he invited... Continue reading at The Guardian
[ The Guardian | 2020-04-07 12:08:05 UTC ]
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Future plc has acquired Washington, D.C.-based online B2B publisher SmartBrief, the latest move in a string of purchases aimed at expanding the London-based media giant's presence in the U.S. Expected to close on Wednesday, the agreement involves an initial purchase price of $45 million—funded... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-30 16:09:27 UTC ]
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Prolific author T.C. Boyle paid a visit to the Times studio at the Festival of books to discuss his 28th book, “Outside Looking In.” The recently released novel, which plays off his 2003 book “Drop City,” takes place on Harvard’s campus in the early 1960s and follows the “beginnings of LSD.”... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-04-15 00:00:00 UTC ]
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The Economist Group has relaunched its quarterly lifestyle title, 1843, with a new editor and new design, promising deep dives into style, food, travel and technology—feature articles on the topics that might interest readers of the company's flagship magazine, but wouldn't necessarily appear in... Continue reading at Folio Magazine
[ Folio Magazine | 2019-04-02 00:00:00 UTC ]
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Analysis finds proportion of female authors and characters fell after 19th century, with male authors remaining ‘remarkably resistant’ to writing women Women in novels have tended to “feel”, while men “get”; women smile or laugh, while men grin or chuckle. An analysis of more than 100,000 novels... Continue reading at The Guardian
[ The Guardian | 2018-02-19 00:00:00 UTC ]
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In the early 1960s, a family of Cuban refugees escaped to suburban New York, where they found a home in the middle-class Long Island neighborhood where author Nelson DeMille grew up. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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Racing ain't cheap, and teams are seldom in a position to turn down money. This leads to some off-the-wall sponsorship deals. Crypto-currencies. Taylor Swift. Jesus. And, for a few glorious years in the late 1980s and early 1990s, "Dianetics," in a campaign bankrolled by the Church of... Continue reading at Advertising Age
[ Advertising Age | 2015-07-16 00:00:00 UTC ]
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Mike Luckwell buys struggling title from Jon Moulton's private equity company, Better Capital, with plan to target over-50sReader's Digest has been sold for just £1 to Mike Luckwell, whose previous major investments have included Bob the Builder creator HIT Entertainment and WPP.Jon Moulton's... Continue reading at The Guardian
[ The Guardian | 2014-02-17 00:00:00 UTC ]
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One of the first women to write about wine, she was known for her prickly putdowns and forthright views about food and drinkPamela Vandyke Price, who has died aged 90, was the first woman in Britain to write seriously about wine and spirits. Writing about drinking – its tastes, smells,... Continue reading at The Guardian
[ The Guardian | 2014-02-05 00:00:00 UTC ]
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Aurum Press has acquired a title which tells the story of British boxing in the late 1980s and... Continue reading at The Bookseller
[ The Bookseller | 2012-11-02 00:00:00 UTC ]
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A global publishing approach can take many forms. For Parragon Publishing, which started in the late 1980s as a conduit to get books into U.K. supermarket chains, the key is tailoring content that can roll out across borders in one fell swoop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-07-13 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 01/04/2011 - 10:33 Tonto Books has bought rights to the frank memoir of former Inspiral Carpets frontman Tom Hingley. Tonto publisher Stu Wheatman bought world rights direct from Hingley to the aptly-titled Carpet Burns. The title will be... Continue reading at The Bookseller
[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Tue, 01/03/2011 - 08:25 Pearson has begun a legal process to ascertain whether the stake held by its fifth biggest shareholder, the Libyan Investment Authority, needs to be frozen after the government moved to freeze the assets of Muammar Gaddafi... Continue reading at The Bookseller
[ The Bookseller | 2011-03-01 00:00:00 UTC ]
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