Reader's Digest sold for £1

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 ]
News tagged with: #late 1980s #biggest shareholder #early 1960s #global circulation

Other Publishing stories related to: 'Reader's Digest sold for £1'

Welbeck Children's bags vegan guide for younger readers

Welbeck Children’s has scooped Be More Vegan by food blogger, chef and author Niki Webster – a "young person’s guide to being more plant-based". Continue reading at The Bookseller

[ The Bookseller | 2020-08-23 20:03:38 UTC ]
More news stories like this | News stories tagged with: #welbeck children #younger readers #young person

Online bookshop launches for Mail readers

E-commerce firm Monwell has launched the Mail Bookshop with Associated Newspapers, the publisher of the Daily Mail and the Mail on Sunday. Continue reading at The Bookseller

[ The Bookseller | 2020-08-19 17:01:04 UTC ]
More news stories like this | News stories tagged with: #bookshop

With book tours scrapped, authors are finding new ways to connect with their readers

Chris Bohjalian, Mary Kay Andrews and other novelists have turned to Zoom and Facebook Live to find their audience. Continue reading at The Washington Post

[ The Washington Post | 2020-08-19 12:00:00 UTC ]
More news stories like this | News stories tagged with: #chris bohjalian #facebook live #novelists

‘Little Scratch’ drops readers into the reality of a distressed mind

Rebecca Watson’s debut novel has a simple story line and an experimental approach. Continue reading at The Washington Post

[ The Washington Post | 2020-08-18 07:39:15 UTC ]
More news stories like this | News stories tagged with: #experimental approach #debut novel

‘Love After Love’ reminds readers why we go to books in search of answers to life’s great questions

Ingrid Persaud’s Trinidad-set debut is a memorable, moving account of wounded people who come together to create an alternative family. Continue reading at The Washington Post

[ The Washington Post | 2020-08-12 12:00:00 UTC ]
More news stories like this | News stories tagged with: #ingrid persaud

W H Smith to cut up to 1,500 jobs in restructure after Covid-19 hits business

W H Smith has announced plans for a major restructure which could see around 1,500 roles made redundant across the business. Continue reading at The Bookseller

[ The Bookseller | 2020-08-05 02:02:59 UTC ]
More news stories like this | News stories tagged with: #major restructure #announced plans #w h smith

Readers have many opinions on how to cull your book collection — and also why you never should

Commenters responded to a recent essay about giving away books with a mix of philosophical musings and practical advice. Continue reading at The Washington Post

[ The Washington Post | 2020-08-01 12:00:00 UTC ]
More news stories like this | News stories tagged with: #recent essay #philosophical musings #practical advice

YA superstar Jason Reynolds just sold his debut novel for adults.

Today, Simon and Schuster announced that their imprint Scribner will be publishing the debut novel for adults from #1 New York Times bestselling children’s book author Jason Reynolds, whose books include Look Both Ways and Ghost, both finalists for the National Book Award for Young People’s... Continue reading at Literrary Hub

[ Literrary Hub | 2020-07-22 16:30:17 UTC ]
More news stories like this | News stories tagged with: #national book award #books include #children’s book #debut novel

Think Young: Christian Fiction Imprints Reach for Under-40 Readers

Publishers, trade groups, and booksellers of inspirational fiction discover millennials 'are not unicorns.’ Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-22 04:00:00 UTC ]
More news stories like this | News stories tagged with: #christian fiction

Coronavirus Impact: Nielsen Book India on Readers in the Pandemic

Nielsen Book's extensive survey of India's consumer behavior in and after lockdowns reveals shifts in the time spent reading–and listening–for publishers. The post Coronavirus Impact: Nielsen Book India on Readers in the Pandemic appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-07-15 14:45:54 UTC ]
More news stories like this | News stories tagged with: #pandemic appeared #coronavirus impact #consumer behavior #nielsen #nielsen book

Kobo's new entry-level e-reader is the $100 Nia

Rakuten’s Kobo readers are still hanging around to compete with Amazon’s Kindle lineup, and the company just unveiled a new model. The Kobo Nia is an entry-level reader with a six-inch, 1,024 x 758 Carta E Ink display (with Kobo’s ComfortLight front... Continue reading at Engadget

[ Engadget | 2020-07-15 10:05:12 UTC ]
More news stories like this | News stories tagged with: #kindle lineup #ink display #kindle

A.H. Kim’s ‘A Good Family’ is a domestic suspense that will keep readers guessing

Savvy readers know from the get-go that the title of Kim’s debut thriller must be ironic. Continue reading at The Washington Post

[ The Washington Post | 2020-07-15 05:17:42 UTC ]
More news stories like this | News stories tagged with: #domestic suspense #debut thriller

Education technology firms merge to form Boca Raton-based company with 1,400 employees

New York-based Veritas Equity and Leeds Equity Partners consolidated multiple large education technology firms to form Anthology, based in Boca Raton. The company made it official this week after the private equity companies acquired Boca Ration-based Campus Management; Campus Labs in Buffalo,... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-07-07 18:29:21 UTC ]
More news stories like this | News stories tagged with: #boca raton #company made #campus labs #kansas city #anthology

Australian Associated Press sold to consortium of investors and philanthropists at 11th hour

AAP chief Bruce Davidson said in an all-staff email on Monday night that the ‘new’ newswire will retain 85 editorial staff and relaunch on 1 August Newswire Australian Associated Press (AAP) has been sold in an 11th-hour bid by a philanthropic investment consortium helmed by former News Corp... Continue reading at The Guardian

[ The Guardian | 2020-06-29 11:53:06 UTC ]
More news stories like this | News stories tagged with: #monday night #news corp

‘Black and Asian people not seen as readers’: Bernardine Evaristo condemns books industry

In foreword to report into diversity in publishing, Booker prize-winning author rails against ‘ridiculous’ beliefsBernardine Evaristo, the first black woman to win the Booker prize, has hit out at “ridiculous” and “misguided” beliefs in the publishing industry, where “black and Asian people are... Continue reading at The Guardian

[ The Guardian | 2020-06-23 11:06:09 UTC ]
More news stories like this | News stories tagged with: #black woman #academic study #asian people #booker prize #trade fiction #core audience #guild calls #sweeping change #prize-winning author

NewFronts Now: Day 1 addresses elephants in the room and puts viewers first

Welcome to Ad Age’s special-edition NewFronts Now newsletter. Check your inbox daily for a roundup of the biggest news from IAB’s Digital Content NewFronts and takeaways from the week, along with key trends and insights.  And join Ad Age on Friday at 2 p.m. EDT when we will close out the IAB’s... Continue reading at Advertising Age

[ Advertising Age | 2020-06-22 22:25:58 UTC ]
More news stories like this | News stories tagged with: #inbox daily #biggest news #key trends #agency executives #digital content

LMBPN Feeds “Whale Readers”

After just a few years in business, LMBPN Publishing has more than 700 titles in its backlist and has expanded into new genres, formats, and languages—and its aggressive publishing model is keeping e-book readers happy. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-19 04:00:00 UTC ]
More news stories like this | News stories tagged with: #e-book

Politico Takes Daily Newsletters Weekly for Some Readers

Subscribers to Politico’s newsletters will soon receive a weekly version rather than daily if they aren’t Politico Pro members. The publisher announced this Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-06-18 18:00:14 UTC ]
More news stories like this | News stories tagged with: #publisher announced

‘The Silent Patient’ ends with a major twist. Should a savvy reader have seen it coming?

The thriller has been a best-seller mainstay with a movie adaptation in the works. Continue reading at The Washington Post

[ The Washington Post | 2020-06-16 15:46:12 UTC ]
More news stories like this | News stories tagged with: #silent patient #movie adaptation

CUP's online coronavirus essays prove a hit with readers

Cambridge University Press has revealed that its collection of online essays about coronavirus, Cambridge Reflections: Covid-19, has attracted 44,000 visitors in the month since it launched. Continue reading at The Bookseller

[ The Bookseller | 2020-06-11 09:01:30 UTC ]
More news stories like this | News stories tagged with: #cambridge university press