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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In an 11th survey, the French book business sees continued adoption of digital book formats, confirming the 'digital acceleration' in the pandemic. The post France’s New Report: 2020 Has ‘Converted’ Many Readers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-12 17:19:24 UTC ]
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The marketing of books to readers of colour is often restricted to titles by writers of similar backgrounds, but who ‘the reader’ is must be re-assessed Continue reading at The Bookseller
[ The Bookseller | 2021-04-09 20:27:23 UTC ]
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Blockbuster projects share one common trait. Do you dream of opening that blockbuster restaurant, writing a New York Times best-selling book, or releasing a chart-topping album? A new study out of Northwestern University suggests a pivotal ingredient.Read Full Story Continue reading at Fast Company
[ Fast Company | 2021-04-09 16:21:42 UTC ]
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On publication in January, Iranian-Jamaican Brooklynite Mateo Askaripour’s Black Buck became an instant New York Times bestseller. Described as “a crackling, satirical début novel”, and informed by the author’s own experiences in the tech world, the book has been compared to The Great Gatsby... Continue reading at The Bookseller
[ The Bookseller | 2021-04-09 04:51:31 UTC ]
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The Christian fiction writer's bestsellers such as ‘Redeeming Love’ challenge readers to find answers in faith for their toughest questions and roughest issues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-09 04:00:00 UTC ]
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‘Hamnet,’ written by Maggie O’Farrell and narrated by Ell Potter, was especially popular. Continue reading at The Washington Post
[ The Washington Post | 2021-04-04 12:00:00 UTC ]
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Ingram Content Group seeds Binc's 'Survive to Thrive' bookstore grant program, with additional major support from publishers and Bookshop.org. The post US Book Industry Charitable Foundation Raises $1 Million for Bookstores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-01 14:26:57 UTC ]
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People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian
[ The Guardian | 2021-03-28 17:25:47 UTC ]
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Writer Jeannine Mjoseth was looking for adventure when she turned to professional wrestling. She got plenty of that. Continue reading at The Washington Post
[ The Washington Post | 2021-03-15 12:00:00 UTC ]
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With the levelling off of e-book sales, many have begun to wonder whether the book publishing industry will be spared the kinds of disruption experienced by other sectors of the media industries. But the digital transformation of the book publishing industry was never fundamentally about e-books... Continue reading at The Bookseller
[ The Bookseller | 2021-03-13 06:41:09 UTC ]
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Patricia Engel's third novel, released on March 2 by Avid Reader Press, already has all the trappings of a charmed publication. It also has a moving pre-publication history. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-05 05:00:00 UTC ]
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Matt Haig's The Midnight Library (Canongate) has clocked in at the top of the Amazon Charts' Most-Sold: Fiction top 20, unseating Richard Osman's The Thursday Murder Club (Penguin). Continue reading at The Bookseller
[ The Bookseller | 2021-03-02 11:05:06 UTC ]
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Sarah J. Maas has the #1 book in the country with ‘A Court of Silver Flames,’ fifth in the series she began with ‘A Court of Thorns and Roses.’ Plus ‘The Sum of Us’ by Heather McGhee, which PW called an “astute and persuasive debut,” is #6 in the country, and ‘Priestdaddy’ memoirist Patricia... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-26 05:00:00 UTC ]
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When people ask why I love books, I can't always find the right words. Thankfully, others have done it for me with these book lover quotes. Continue reading at Book Riot
[ Book Riot | 2021-02-24 11:31:00 UTC ]
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Alison Jones, founder of Practical Inspiration Publishing, is coming to the end of a 1,000-day running challenge to raise funds for the National Literacy Trust. Continue reading at The Bookseller
[ The Bookseller | 2021-02-16 00:52:37 UTC ]
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“The House on Vesper Sands” and “The Historians” feature appealing characters, who are the true draw of any well-told tale. Continue reading at The Washington Post
[ The Washington Post | 2021-02-08 14:00:00 UTC ]
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We spoke with authors and editors of forthcoming biographies about the importance of narrative nonfiction to educate and empower kids and teens about environmental issues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-05 05:00:00 UTC ]
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Michelle Obama's bestselling memoir Becoming will be published in paperback on 2ndMarch, alongside an edition for younger readers. Continue reading at The Bookseller
[ The Bookseller | 2021-02-03 06:18:31 UTC ]
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Today, as we have done in years past, LARB honors Black History Month by highlighting a series of reviews, essays, interviews, and exchanges of letters we published in January. Below you will find a poignant essay on the Compton Christmas Parade; a penetrating interview with Kiley Reid, author... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2021-02-01 13:30:13 UTC ]
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“Is it the fault of the mother that her child will suffer? Or is empire, white supremacy, the denial of ongoing genocide, and the prison industrial system to blame?” Randa Jarrar on Palestinian mothers, the Virgin Mary, and the Mothers of the Movement. | Lit Hub Memoir The internet has been... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-01 11:30:46 UTC ]
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