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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Acclaimed superhero writer Brian Michael Bendis takes over the writing of Superman in this excerpt from 'Action Comics Vol. 1: Invisible Mafia,' a lively new adventure by the Man of Steel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-03 00:00:00 UTC ]
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After slipping to #2 last week, Delia Owens’s ‘Where the Crawdads Sing’ is back at the top on the Apple Books store. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-03 00:00:00 UTC ]
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St. Martin’s pays up for a book on the afterlife, Lupita Nyong’o writes a picture book for S&S, Graywolf celebrates 45 years with another from Claudia Rankine, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-29 00:00:00 UTC ]
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The frustration with higher VAT for ebooks than print books may finally be over Poland as legislation is proposed to drop the rate from 23 to 5 percent. The post Polish Legislation Could Equalize VAT on Ebooks and Print by June 1 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-03-26 00:00:00 UTC ]
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The exercise book contained English Literature essays written by the former Beatles member. Continue reading at BBC News
[ BBC News | 2019-03-26 00:00:00 UTC ]
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Managing director says book chain ‘simply not profitable enough’, as Sally Rooney, Val McDermid and other authors write to protestMore than 1,300 writers including Kerry Hudson, David Nicholls, Sally Rooney, Michael Rosen and Val McDermid have backed a campaign for Waterstones booksellers to be... Continue reading at The Guardian
[ The Guardian | 2019-03-26 00:00:00 UTC ]
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Michelle Obama's publisher said that her book "Becoming" has sold almost 10 million copies and could be the most successful memoir in history, Bloomberg reported Tuesday. The success of the former first lady's book helped German media company Bertelsmann SE, which owns American mega-publisher... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-03-26 00:00:00 UTC ]
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Amazon just debuted a new ebook reader, and it's already the best Kindle you can buy. Continue reading at Wired
[ Wired | 2019-03-20 00:00:00 UTC ]
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Among the week's headlines: a new bill in California aims to strengthen consumer privacy protections; in Texas, school librarians have been cut out of a bill providing educators with a long overdue pay raise; and in a major development, the University of California has terminated its Elsevier... Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-01 00:00:00 UTC ]
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The Switch hasn't quite lived up to its tablet potential due to a severe lack of software outside of games, but it's surprisingly found a groove as a comic book e-reader. It's all thanks to Inky Pen -- a comic subscription that's currently exclusive... Continue reading at Engadget
[ Engadget | 2019-02-28 00:00:00 UTC ]
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Leading publishing industry figures have hailed the impact of Creative Access after the social enterprise group placed its 1,000th paid intern this week. Continue reading at The Bookseller
[ The Bookseller | 2019-02-22 00:00:00 UTC ]
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Following a recent story about Burbank's Corner Cottage's breakfast burritos, the Leader heard from readers - via Facebook, Twitter and Instagram - about which place they believe has the best breakfast burrito in the Media City. Then we mapped them. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-02-20 00:00:00 UTC ]
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Hollis’s tough-talking self-help book ‘Girl, Wash Your Face’ remains #1 in Religion Nonfiction; Tamera Alexander’s ‘With This Pledge’ is tops in Religion Fiction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-13 00:00:00 UTC ]
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HMV has been sold to Canadian music company Sunrise Records & Entertainment Limited after owner Doug Putman put in a rescue bid to save the retailer, with the books side of the business set to continue. Continue reading at The Bookseller
[ The Bookseller | 2019-02-06 00:00:00 UTC ]
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For librarians, art (pretty accurately) imitates life in Emilio Estevez’s new film ‘The Public’; ALA Midwinter wraps up in Seattle; and a key legal battle over net neutrality is heard before the Washington D.C. Court of Appeals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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David Walliams’ next publication, a funny story entitled Fing, "dovetails seamlessly" with his short stories and middle-grade novels, according to his publisher HarperCollins Children’s Books. Continue reading at The Bookseller
[ The Bookseller | 2019-01-31 00:00:00 UTC ]
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Job losses follow sales or cuts at Mic, Refinery29 and elsewhere, but publishing as a whole had already shrunk sharplyRevenue-per-click, the business strategy that has informed digital publishers for years, was effectively pronounced DOA this week as leading players in a sector once viewed as... Continue reading at The Guardian
[ The Guardian | 2019-01-27 00:00:00 UTC ]
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Virago is publishing Eliot Among the Women by TS Eliot biographer Lyndall Gordon, a book exploring the impact of the women in Eliot's life on his work following the release of decades-confined correspondence. Continue reading at The Bookseller
[ The Bookseller | 2019-01-19 00:00:00 UTC ]
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Last year's surprise fiction hit, Delia Owens's 'Where the Crawdads Sing,' has taken the #1 position in Apple iBooks store, followed by the bestselling book of 2018, 'Becoming' by Michelle Obama, at #2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-16 00:00:00 UTC ]
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The Portland Press Herald in Maine said it would bring back its local book reviews if the author and his followers brought in 100 new subscriptions. They brought in twice that. Continue reading at The New York Times
[ The New York Times | 2019-01-14 00:00:00 UTC ]
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