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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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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We interviewed booksellers about their experience of the pandemic and their customers. Continue reading at The Conversation
[ The Conversation | 2021-10-07 05:14:45 UTC ]
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Defector, The Daily Memphian, The Dispatch and other outlets of recent vintage are driving a shift in the digital media business. Continue reading at The New York Times
[ The New York Times | 2021-10-04 19:32:10 UTC ]
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Frankfurter Buchmesse: Programming highlights and registration details, as trade visitors prepare to travel–physically and digitally. The post Frankfurter Buchmesse Welcomes 1,500 Exhibitors from 74 Nations appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-29 12:31:58 UTC ]
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Michael Morpurgo, Sharna Jackson and Matt Lucas are among the authors on the list of World Book Day's £1 books for 2022. Continue reading at The Bookseller
[ The Bookseller | 2021-09-23 02:12:21 UTC ]
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Official news came much sooner than expected. On Tuesday, just a day after leaks surfaced on the company’s Canadian and Mexican sites about models with a bigger screen and dramatically more LEDs, Amazon confirmed the launch of three new Kindle Paperwhites. In addition to a successor for the... Continue reading at PC World
[ PC World | 2021-09-21 13:00:00 UTC ]
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HarperNonFiction has launched an innovative marketing campaign for the early e-book release of Ben Mezrich’s The AntiSocial Network, which will allow readers to manipulate the title's price by micro trading in GameStop stock. Continue reading at The Bookseller
[ The Bookseller | 2021-09-13 00:36:07 UTC ]
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Conversations around making the literature sector in Ireland more inclusive have been happening for some time, and the publication of Arts Council Ireland’s Equality, Human Rights and Diversity Policy in 2019 put a focus on the need for diversity across all artforms, so that no one is excluded. Continue reading at The Bookseller
[ The Bookseller | 2021-09-10 14:32:17 UTC ]
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The new comics and graphic novels imprint from Vault Comics aims to deliver fantasy, sci-fi, and horror stories to middle grade and tween readers. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-07 04:00:00 UTC ]
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Karen Jennings is to make her US debut, with Holland House selling rights to her Booker Prize-longlisted novel An Island at auction. Continue reading at The Bookseller
[ The Bookseller | 2021-08-20 07:38:19 UTC ]
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Although they represent 26 percent of the U.S. population, portrayals lag despite progress in product development and entertainment, Nielsen finds. Continue reading at Advertising Age
[ Advertising Age | 2021-08-19 18:10:40 UTC ]
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Gillian McAllister's That Night (Penguin) has leapfrogged Stephen King's Billy Summers (Hodder & Stoughton) to take the Amazon Charts' Most-Sold: Fiction number one spot. Continue reading at The Bookseller
[ The Bookseller | 2021-08-18 03:59:25 UTC ]
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The value channel has been one of the fastest-growing sectors in retail over the past decade in general, if not for books. But opportunities exist—if publishers can make the economics work. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-16 04:00:00 UTC ]
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These websites and apps boost your reading speed, keep track of your personal library and recommend just the right book to fit your mood. Continue reading at The Washington Post
[ The Washington Post | 2021-07-10 12:00:00 UTC ]
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Lit Lists Earlier this spring, the editors of WLT invited twenty-one writers to nominate a single book, published since the year 2000, that has had a major influence on their own work, along with a brief statement explaining their choice. We published... Continue reading at World Literature Today
[ World Literature Today | 2021-06-28 13:32:05 UTC ]
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Both the Duchess of Sussex and Prince Harry are on parental leave following the birth of their daughter, Lili. Continue reading at The Huffington Post
[ The Huffington Post | 2021-06-17 19:15:25 UTC ]
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Author Elin Hilderbrand and publisher Little, Brown have come under fire for a passage in Hilderbrand's new book, 'Golden Girls,' that some readers on social media are calling anti-Semitic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-03 04:00:00 UTC ]
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TJ Newman dreamt up her terror-in-the-skies novel Falling while guarding the cockpit as the pilots took a toilet break. She reveals how she kept going through furlough and 41 rejectionsFlight attendant Torri Newman was working on the red-eye flight from Los Angeles to New York when the idea for... Continue reading at The Guardian
[ The Guardian | 2021-05-04 05:00:21 UTC ]
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Six years after the release of For Holly, and after a period where she swore she would never write again, Tanya Byrne is publishing a new YA novel about love, death and what makes life worth living. Continue reading at The Bookseller
[ The Bookseller | 2021-04-30 08:35:56 UTC ]
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The author of 70 novels translated into 29 languages, Valerie Parv has passed away just before her 70th birthday. Continue reading at The Conversation
[ The Conversation | 2021-04-30 05:02:04 UTC ]
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