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 ]
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Amazon’s online sales fell 1% in the fourth quarter ended December 31, 2021, compared to record highs in the fourth quarter of 2020. Operating income for the entire company dropped 50% in the quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-04 05:00:00 UTC ]
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Michael Dirda listed 66 books that give him a deep sense of contentment and well-being. Commenters had their own ideas. Continue reading at The Washington Post
[ The Washington Post | 2022-01-27 12:00:00 UTC ]
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Record sales show that even the ability to carry thousands of books in one portable electronic device is not enoughIn 2009, when Amazon’s Kindle ebook was launched in the UK, it seemed impossible to imagine that a dozen years later booksellers would be reporting a record year of sales of... Continue reading at The Guardian
[ The Guardian | 2022-01-15 17:00:27 UTC ]
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In the inaugural discussion, which streamed live on January 4, 2022, Adrienne Cruz of the Azusa City (California) Library spoke with Naomi Hirahara, author of 'Clark & Division,' and Sujata Massey, author of 'The Bombay Prince.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-07 05:00:00 UTC ]
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The New York Times Book Review marked their anniversary by asking readers to nominate the best book of the past 125 years. Here's the result. Continue reading at Book Riot
[ Book Riot | 2022-01-03 15:52:45 UTC ]
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Online children’s retailer Books2Door has donated more than 1,000 books to child refugees from Afghanistan who have recently arrived in Leicester. Continue reading at The Bookseller
[ The Bookseller | 2021-12-16 22:39:43 UTC ]
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Apparently, J.K. Rowling’s bruised reputation has not lowered the value of her books. Yesterday, a rare first edition of J.K. Rowling’s Harry Potter and the Philosopher’s Stone sold at auction for $471,000, which Heritage Auctions says is “the highest price ever paid for the boy wizard’s debut... Continue reading at Literrary Hub
[ Literrary Hub | 2021-12-10 18:27:50 UTC ]
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Critic Michael Dirda’s picks include ‘Dear Highlights,’ ‘A Ray Bradbury Compendium’ and ‘American Christmas Stories’ Continue reading at The Washington Post
[ The Washington Post | 2021-12-08 17:32:50 UTC ]
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Literary magazines depend on volunteer readers to sort through the hundreds of submissions they get. Here's how you can become one! Continue reading at Book Riot
[ Book Riot | 2021-12-01 11:32:00 UTC ]
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With its elegant mix of science fiction and metaphysical mystery, Le Tellier’s thriller rests somewhere between “Lost” and “Manifest.” Continue reading at The Washington Post
[ The Washington Post | 2021-11-30 17:01:16 UTC ]
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What launched as a sort of support group in the early days of Covid-19, Friends & Fiction celebrated its 100th episode on November 24. PW caught up with show's creators and hosts, Mary Kay Andrews, Kristin Harmel, Kristy Woodson Harvey, and Patti Callahan Henry, to talk about the remarkable... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-30 05:00:00 UTC ]
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Bookworms, clear your schedules. Just in time for the winter holidays, Amazon’s entry-level Kindle is back at an all-time low. Right now, you can get the Amazon Kindle for $50, or 44 percent off the normal price. This model’s standout feature is a front light that makes reading in the dark... Continue reading at PC World
[ PC World | 2021-11-26 19:51:00 UTC ]
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Sony and Microsoft have had a year to address supply shortages and improve game libraries for their new consoles. Here's how they stack up. Continue reading at Wired
[ Wired | 2021-11-12 12:00:00 UTC ]
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‘Jesus Listens,’ a follow up to Sarah Young’s bestselling devotionals ‘Jesus Calling’ and ‘Jesus Always,’ tops our religion nonfiction bestsellers list for October. In fiction, Karen Kingbury takes #1 with the latest installment to her Baxter Family series, ‘Forgiving Paris.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-10 05:00:00 UTC ]
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Richard Osman has won the Readers' Choice award at the Books Are My Bag Readers Awards for his record-breaking debut The Thursday Murder Club (Viking). Continue reading at The Bookseller
[ The Bookseller | 2021-11-09 20:44:40 UTC ]
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Damon Galgut's The Promise (Chatto & Windus) has thundered to the top of the Amazon Charts' Most-Sold: Fiction top 20, the week of its Booker Prize win. Continue reading at The Bookseller
[ The Bookseller | 2021-11-09 19:53:38 UTC ]
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These photos from a giant used book fair prove that romance novels are the best, and romance readers have the most fun. Continue reading at Book Riot
[ Book Riot | 2021-11-02 10:39:00 UTC ]
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The best science fiction and fantasy book deals of the day, curated by Book Riot Continue reading at Book Riot
[ Book Riot | 2021-11-01 12:49:56 UTC ]
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The books we love coming out this week include new titles by Melodie Winawer, Keith Ryan Cartwright, and Jeremy Dauber. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-29 04:00:00 UTC ]
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Publisher Saqi Books is working with the Reading Agency to provide samples of its new title, Rise, to less confident and reluctant readers. Continue reading at The Bookseller
[ The Bookseller | 2021-10-25 18:43:56 UTC ]
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