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
Pamela Jenoff, Kate Quinn and other authors talk about how they find inspiration for their novels. Continue reading at The Washington Post
[ The Washington Post | 2019-05-24 13:00:00 UTC ]
More news stories like this | News stories tagged with:
#authors talk
#books coming
#kate quinn
#find inspiration
The Guardian has discovered that American readers are willing donors, and the news publisher hopes that a bigger focus on Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-05-22 15:28:49 UTC ]
More news stories like this | News stories tagged with:
#american readers
#bigger focus
American readers provide 30% of the Guardian's audience, but they account over 50% of the donations the news publisher has received this year. The post How The Guardian is looking to boost reader donations in the US appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-05-22 04:01:58 UTC ]
More news stories like this | News stories tagged with:
#news publisher
Begun in January of 2017, the National Book Foundation's 'Book Rich Environments' program and its partners distribute free books for young readers. The post US National Book Foundation Program To Distribute 1-Millionth Book appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-22 02:30:44 UTC ]
More news stories like this | News stories tagged with:
#young readers
It’s hard to go a month these days without seeing yet another report decrying the lack of trust readers have Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-05-21 07:00:51 UTC ]
More news stories like this | News stories tagged with:
#digital publishing
Reiterating its emphasis on voices underrepresented in many parts of the publishing industry, the Amazon Literary Partnership reaches its 10th year. The post Amazon Literary Partnership Announces More than $1 Million in 2019 Grants appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-21 01:30:39 UTC ]
More news stories like this | News stories tagged with:
#$1 million
#publishing industry
#10th year
“Confessions of a Dangerous Mind” topped the Billboard list after the rapper’s debut novel, “Supermarket,” had become a best seller. Continue reading at The New York Times
[ The New York Times | 2019-05-20 18:11:03 UTC ]
More news stories like this | News stories tagged with:
#logic adds
#billboard list
“Confessions of a Dangerous Mind” topped the Billboard list after the rapper’s debut novel, “Supermarket,” had become a best seller. Continue reading at The New York Times
[ The New York Times | 2019-05-20 18:11:03 UTC ]
More news stories like this | News stories tagged with:
#logic adds
#billboard list
Ex-NME editor suggests digital brand can be 'more valuable' outside publishing company. Continue reading at Media Week
[ Media Week | 2019-05-17 11:09:41 UTC ]
More news stories like this |
Carl Landau has officially sold Niche Media—the conferences and professional services network he founded over a decade ago to serve B2B, city/regional and special interest magazine publishers—to Second Street Media Solutions, a St. Louis-based provider of audience engagement software to... Continue reading at Folio Magazine
[ Folio Magazine | 2019-05-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#caption id=
#tv stations
As a digital media publisher, The Daily Beast does not rely on search and social media for its success. Instead, their goal is to focus on the platforms they can control in order to create a deeply engaged audience from its base of loyal readers, according to CRO Mia Libby. “We have been... Continue reading at Folio Magazine
[ Folio Magazine | 2019-05-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#books coverage
#experiential activations
#daily beast
#daily basis
Denis O’Brien loses hundreds of millions in sale of Ireland’s biggest newspaper publisherIreland’s largest newspaper group has agreed to a takeover offer from the Belgian media group Mediahuis in a deal in which its largest shareholder, billionaire Denis O’Brien, will lose hundreds of millions... Continue reading at The Guardian
[ The Guardian | 2019-04-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#irish independent
#sunday independent
#belfast telegraph
#large number
#regional titles
#financial year
Welcome to Day 1 of the Digital Content NewFronts. Ad Age’s Jeanine Poggi, Ilyse Liffreing and Garett Sloane will be live-blogging the week-long dog-and-pony show where digital publishers, from YouTube and Twitter to Condé Nast and Meredith, are presenting buzzy new content and ad products to... Continue reading at Advertising Age
[ Advertising Age | 2019-04-29 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#global head
#rupert murdoch
#ben winkler
#long night
Hesh Kestin, the author of 'Siege of Tel Aviv,' the controversial novel about the destruction of Israel that was pulled by Dzanc Books earlier this week, is making a digital edition of the book available to readers on his website. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-29 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#hesh kestin
#tel aviv
#digital edition
Illustrator Thomas Taylor puts his storytelling skills to good use in a middle-grade seaside mystery. Continue reading at The Bookseller
[ The Bookseller | 2019-04-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#thomas taylor
Penguin Random House in the US has launched a 'Reader Rewards Loyalty Program', a free promotional initiative that lets readers earn one free book for every 12 PRH titles they purchase. Continue reading at The Bookseller
[ The Bookseller | 2019-04-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#free book
American Media Inc. is selling the National Enquirer to Hudson News Deputy Chairman James Cohen, according to The Washington Post, letting the embattled publisher jettison the tabloid after being accused of trying to blackmail the world’s richest man. Cohen will pay $100 million for the... Continue reading at Advertising Age
[ Advertising Age | 2019-04-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#lifestyle brands
#bauer media
#$100 million
#—bloomberg news
Independent publisher John Mitchinson explains why readers, writers and publishers should be more plugged into one another. Continue reading at The Bookseller
[ The Bookseller | 2019-04-18 00:00:00 UTC ]
More news stories like this |
Under the program, readers who buy PRH books in any format will be able to collect points for purchases made at online or physical stores. After they collect 120 points, customers are eligible to receive a free book. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#purchases made
#physical stores
#free book
Franciscan priest Richard Rohr breaks the top five in religion nonfiction with his reflections on the nature of God in ‘The Universal Christ,’ while the trade paperback edition of Francine Rivers’ ‘The Masterpiece’ is #1 for its second consecutive month in fiction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#religion nonfiction
#consecutive month