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
Some Canadian publishers are offering special deals on e-books in a bid to entertain readers and pay authors during the COVID-19 shutdown. Continue reading at CBC
[ CBC | 2020-03-23 09:00:00 UTC ]
More news stories like this | News stories tagged with:
#canadian publishers
#pay authors
#e-book
There are plenty of ways to access paperbacks, audiobooks, story time and more without leaving the house. Continue reading at The Washington Post
[ The Washington Post | 2020-03-21 13:00:00 UTC ]
More news stories like this | News stories tagged with:
#story time
After two decades as a division of Atlantic Media, GovExec is going independent. Atlantic Media owner David Bradley has sold a controlling stake in Government Executive Media Group (GEMG), a portfolio of media brands serving the public sector, to Growth Catalyst Partners, a Chicago-based... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-17 14:43:03 UTC ]
More news stories like this | News stories tagged with:
#50-year history
#national journal
#70% stake
#emerson collective
#full ownership
#full range
A new report from the National Endowment for the Arts tracking American reading habits in 2017 revealed that more than half of all U.S. adults, 55%, or 132 million people, did some form of book-reading. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-13 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#national endowment
This morning, both the Chief Librarian of the Brooklyn Public Library and the President of the New York Public Library released statements announcing that they would be cancelling public library programs for the rest of March, in an effort to limit the spread of COVID-19 and encourage social... Continue reading at Literrary Hub
[ Literrary Hub | 2020-03-12 16:51:47 UTC ]
More news stories like this | News stories tagged with:
#remain open
#chief librarian
#libraries
#public libraries
Hilary Mantel's The Mirror and the Light (Fourth Estate) has held the Amazon Charts' Most-Sold: Fiction top spot for a second week, the same week the eagerly awaited title sold 95,141 copies across all print editions through Nielsen BookScan's TCM. Continue reading at The Bookseller
[ The Bookseller | 2020-03-10 16:43:19 UTC ]
More news stories like this | News stories tagged with:
#amazon charts
#hilary mantel
#sthe mirror
#lightfourth estate
#print editions
#nielsen bookscan
#nielsen
I SIT WITH María Lynch and Sandra Pareja in the sixth-story office of Casanovas & Lynch, a literary agency in the Gràcia neighborhood of Barcelona. Lynch is a partner at the agency, Pareja does foreign rights, and both of them are also literary agents. We talk about the many roles an agent... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2020-03-06 13:30:42 UTC ]
More news stories like this | News stories tagged with:
#casanovas lynch
#foreign rights
#literary agents
#literary agency
Guinness World Records has revealed the cover of its next edition and launched a competition for one lucky reader to appear on it. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 07:40:22 UTC ]
More news stories like this | News stories tagged with:
#lucky reader
An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot
[ Book Riot | 2020-03-01 11:30:56 UTC ]
More news stories like this | News stories tagged with:
#critical linking
#book club
Lucy Ellmann’s Ducks, Newburyport has attracted much attention for its length, but one publisher believes the spoken word might be its perfect mediumFinishing a good book should leave you feeling bereft for a little while, but it’s rare to leave a novel with your brain vibrating at a different... Continue reading at The Guardian
[ The Guardian | 2020-02-28 14:00:18 UTC ]
More news stories like this | News stories tagged with:
#spoken word
#shortlisted titles
#audio publisher
#good book
Kid-focused brand extensions are no new phenomenon in magazine publishing. Sports Illustrated Kids, Time for Kids and perhaps the longest-running of all, National Geographic Kids, have each endured for decades and remain among the most widely circulated titles geared toward young readers. But... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-11 20:35:39 UTC ]
More news stories like this | News stories tagged with:
#experience producing
#received interest
You up? It's People. Starting Sunday, People magazine says it will be offering free, exclusive Oscars red carpet and backstage content to users who text 212-479-1704 and sign up by providing their name and phone number. The project is part of a partnership with Community, a messaging platform... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-04 19:22:48 UTC ]
More news stories like this | News stories tagged with:
#tentpole events
#alexa skills
#digital strategy
#push notifications
#editorial content
#makes sense
For most publishers, digital success in 2020 won’t be about new trends or technology. Instead it will be about focus, prioritization, and finally executing properly on digital media fundamentals. This article covers the first five fundamentals that I believe every publisher must execute on this... Continue reading at Publishing Executive
[ Publishing Executive | 2020-01-03 13:30:50 UTC ]
More news stories like this | News stories tagged with:
#digital media
This year, we asked our readers to tell us who they think are some of the industry’s most valuable players. Here’s what some of them wrote. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-23 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#pw notables
Galley Beggar Press was facing ruin after the collapse of The Book People, but the public has supplied Christmas magic of a kind I don’t usually buy intoIf a novelist had submitted a story to my publishing company about someone losing £40,000 one day and then regaining it the next, thanks to the... Continue reading at The Guardian
[ The Guardian | 2019-12-19 17:31:08 UTC ]
More news stories like this | News stories tagged with:
#small press
#phone call
#small publisher
#book people
AbeBooks has published a list of the most expensive books they sold this year, with The Complete Works of Abraham Lincoln, which sold for $40,000, at the top. Better luck next year, signed Harry Potter deluxe set ($38,560)! A first edition of The Maltese Falcon and Mark Twain’s complete writings... Continue reading at Literrary Hub
[ Literrary Hub | 2019-12-09 21:14:37 UTC ]
More news stories like this | News stories tagged with:
#complete works
#abraham lincoln
#harry potter
#books sold
Gaby Wood, literary director of the Booker Prize Foundation, has said prizes like the Booker are for readers first and foremost, and that they should be treated as an investigation rather than an act of judgement shaping the canon. Continue reading at The Bookseller
[ The Bookseller | 2019-11-25 12:59:25 UTC ]
More news stories like this | News stories tagged with:
#gaby wood
#booker prize
#literary director
From student workshops and academic conferences to literary awards and book clubs, African American literary organizations work to support writers and readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-22 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#literary awards
#book clubs
#support writers
The boom in "smart non-fiction" has been a boon to university presses, with several publishers investing in new or ramped-up trade crossover lists. Continue reading at The Bookseller
[ The Bookseller | 2019-11-21 12:05:56 UTC ]
More news stories like this | News stories tagged with:
#reach readers
#university presses
Elton John was greeted by a standing ovation last night as the legendary singer took to the stage to discuss his life in the spotlight. Continue reading at The Bookseller
[ The Bookseller | 2019-11-19 16:03:01 UTC ]
More news stories like this | News stories tagged with:
#david walliams
#elton john
#memoir