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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“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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Titles related to the new administration, and especially the historic election of Vice President Kamala Harris, made strong showings on our lists. Plus new releases include ‘Winterkeep,’ Kristin Cashore’s long-awaited return to the Graceling Realm. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-29 05:00:00 UTC ]
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The most common resolution involves not just spending more time reading but reaching a specific number of books. Continue reading at The Washington Post
[ The Washington Post | 2021-01-26 06:19:26 UTC ]
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Some news for self-published writers: this week, Publishers Weekly reported that Naver, Korea’s leading internet platform, is acquiring Wattpad for over $600 million in cash and stock. For those who aren’t among the 90 million people that used Wattpad in 2020, or who don’t have any fanfiction... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-22 18:51:40 UTC ]
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Whether you're practicing a language, or want to read a book in its original language, try these audiobook apps for language learning. Continue reading at Book Riot
[ Book Riot | 2021-01-20 11:39:00 UTC ]
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The Thursday Murder Club sees off titles by Barack Obama and David Walliams in chaotic week for Britain’s book tradeRichard Osman’s cosy mystery about a group of elderly sleuths, The Thursday Murder Club, has become the first debut novel ever to become the Christmas No 1, selling a remarkable... Continue reading at The Guardian
[ The Guardian | 2020-12-22 15:00:18 UTC ]
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DK has donated 1,000 copies of Life Cycles to youth education charity the Manchester United Foundation. Continue reading at The Bookseller
[ The Bookseller | 2020-12-21 17:25:24 UTC ]
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Need a new novel? Classic adventures, satire, and dystopian science fiction top this year's round-up of reader book recommendations for fiction. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-12-18 22:08:27 UTC ]
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Need a new novel? Classic adventures, satire, and dystopian science fiction top this year's round-up of reader book recommendations for fiction. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-12-18 22:08:27 UTC ]
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Need a new novel? Classic adventures, satire, and dystopian science fiction top this year's round-up of reader book recommendations for fiction. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-12-18 22:08:27 UTC ]
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Book club and literary community Rebel Women Lit aims to ‘showcase the amazing range’ of Caribbean literature with the newly launched Caribbean Readers' Awards. The post In Jamaica, Rebel Women Lit Launches the Caribbean Readers’ Awards appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-12-18 19:25:33 UTC ]
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With its buoyant sense of wonder, “D” is a novel graciously indebted to the fantasies of C.S. Lewis, James Thurber and Norton Juster. Continue reading at The Washington Post
[ The Washington Post | 2020-12-14 15:26:44 UTC ]
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A new FT report suggests that BC Partners may leverage Springer Nature's value, as the publisher rolls out new routes to gold open access. The post Springer Nature Widens Gold Open Access Options, January 1 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-12-04 21:26:05 UTC ]
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Jason Reynolds: two-time National Book Award finalist, TIME 100 Next honoree, and, apparently, real-life angel. Yesterday, for Giving Tuesday, the Look Both Ways and Ghost author let us know via Twitter that he’d bought the entire inventory of his books from local bookstores across DC, so... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-03 18:19:56 UTC ]
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For book lovers, the announcement may feel like background noise, but the ramifications are huge. Continue reading at The Washington Post
[ The Washington Post | 2020-11-25 12:57:10 UTC ]
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Barack Obama's A Promised Land (Viking) has soared straight into the UK Official Top 50 number one spot in its first week on sale. Continue reading at The Bookseller
[ The Bookseller | 2020-11-24 12:37:14 UTC ]
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Essayist Roger Rosenblatt’s wide wanderings start with a solo trip to the beach — at age 3. Continue reading at The Washington Post
[ The Washington Post | 2020-11-20 13:00:00 UTC ]
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The publishing industry should trust and listen to its communications teams to see greater change and audience growth, PR professionals said at The Bookseller's FutureBook conference on Tuesday (17th November). Continue reading at The Bookseller
[ The Bookseller | 2020-11-18 06:55:46 UTC ]
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Achins Book Shop and Coffee Shop, thought to be the UK's most remote book retailer, has been sold to new owners six years after appearing on the market. Continue reading at The Bookseller
[ The Bookseller | 2020-11-18 05:13:31 UTC ]
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David Walliams and Tony Ross' Code Name Bananas (HarperCollins) has bounced up five places to claim the Amazon Charts' Most-Sold: Fiction number one spot, in the same week it sold 89,558 copies through Nielsen BookScan's TCM. Continue reading at The Bookseller
[ The Bookseller | 2020-11-10 16:20:16 UTC ]
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