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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Crime heavyweight Ian Rankin, Booker longlisted Braithwaite and "Killing Eve" were among the winners of the 9 Amazon Publishing Readers’ Awards on Saturday night. Continue reading at The Bookseller
[ The Bookseller | 2019-09-30 00:14:17 UTC ]
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As a lowly editorial assistant, Aidy Bryant is hustling to break into the publishing world on the Hulu series Shrill. So it's fitting that the streaming service is making journalism more accessible for everyone. For today only, Hulu is offering everyone free access to all of Adweek's content.... Continue reading at AdWeek
[ AdWeek | 2019-09-23 04:01:50 UTC ]
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Although picture has improved since 2017, research shows that last year only 4% of books for the youngest readers featured a minority ethnic heroIn most children’s books, according to one London primary school pupil, “people are peach”. Another feels there are “no black people” in the stories... Continue reading at The Guardian
[ The Guardian | 2019-09-19 11:15:59 UTC ]
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Carl Esposito, publisher of The Daily Times (Maryville/Alcoa, Tennessee) for nine years and regional president for Adams Publishing Group for Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-09-13 17:12:55 UTC ]
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In “The Hollywood Book Club,” Steven Rea brings together photos of Marlon Brando, Marilyn Monroe and many more. Continue reading at The Washington Post
[ The Washington Post | 2019-09-12 13:58:29 UTC ]
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Four devotionals, including Sarah Young’s classic 2004 ‘Jesus Calling,’ made the top 10 on PW’s Religion Nonfiction bestsellers list; 'Overcomer' tops as the new film of the same name debuts in theaters. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-11 04:00:00 UTC ]
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J2 Global Acquires BabyCenter In case you missed it: late last week, Johnson & Johnson sold BabyCenter—the online parenting and pregnancy resource that claims to reach "7 in 10 new and expectant moms in the U.S." across its website, newsletters, social media channels and apps—to Everyday... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-06 18:12:01 UTC ]
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In June, the Southern Newspaper Publishers Association (SNPA) and the Inland Press Association approved a plan to consolidate the two Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-09-06 07:00:00 UTC ]
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A decade after rescuing it from an imminent shutdown, Duncan McIntosh has sold newspaper industry trade magazine Editor & Publisher to consultant Mike Blinder for an undisclosed sum. In an announcement late last week, E&P indicated that its upcoming October issue will be the first... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-03 20:10:05 UTC ]
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Want your child to love reading? Two New York Times children's book editors give tips on making reading a pleasurable experience Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-08-30 18:10:32 UTC ]
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There are some things all agents want to see from writers, but they don't agree on everything. Here's how literary agents agree and differ on what they want from writers. The post How Literary Agents Agree and Differ: Lessons From the Annual Writer’s Digest Conference by Robert Lee Brewer... Continue reading at Writer's Digest
[ Writer's Digest | 2019-08-28 13:00:41 UTC ]
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Library campaigners in Essex are gearing up for a county wide day of action next month, as more than 1,600 people sign a petition against plans for volunteers to run some facilities. Continue reading at The Bookseller
[ The Bookseller | 2019-08-28 05:47:04 UTC ]
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PW’s online immersion course is gathering pioneering industry leaders including editors, authors, and social media strategists for a multi-week guest speaker program from Oct. 30 to Nov. 20. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-28 04:00:00 UTC ]
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Tired of standalone romances and want to just read one series at a time? I have something for you. These 19 romance book series will make you swoon! Continue reading at Book Riot
[ Book Riot | 2019-08-21 10:38:00 UTC ]
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Literacy efforts flourish in the partnership between independent bookstores and schools serving low-income students. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-16 04:00:00 UTC ]
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Lottery funds in the UK have generated more than £1.85 million for Book Aid International, and F+W Media's assets in arts and crafts go to Peak Media. The post Industry Notes: UK Postcode Lottery Helps Book Aid; F+W Fine Arts Sold to Peak Media appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-08-15 05:30:02 UTC ]
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Literary agents are gatekeepers of the publishing industry, and more than 50 literary agents and editors will be listening to pitches at the 2019 Writer's Digest Annual Conference as part of its popular Pitch Slam program. Here are a few Pitch Slam agents who have been featured on Publishing... Continue reading at Writer's Digest
[ Writer's Digest | 2019-08-14 13:31:11 UTC ]
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The magazine company has run over 200 global campaign over the last year from its centralized team of 26 people, based in London. The post 1 year in, Hearst Digital Media’s revamped global ad team doubled its revenue appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-08-14 04:01:54 UTC ]
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It would be hard for a new imprint to get off to a better start with its first book than the Simon & Schuster imprint did with Lisa Taddeo's 'Three Women.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-02 04:00:00 UTC ]
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In an era of smartphone addiction, a single-purpose device like an e-reader may help you unplug and focus on content that will bring you joy. Continue reading at The New York Times
[ The New York Times | 2019-08-01 09:03:32 UTC ]
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