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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Scribe is donating 1,000 copies of the new title Questions I Am Asked About The Holocaust by Hédi Fried to UK schools and libraries in honour of International Holocaust Remembrance Day on January 27th. Continue reading at The Bookseller
[ The Bookseller | 2019-01-09 00:00:00 UTC ]
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Hachette Children’s Group will this year publish the first series for young readers by Shane Hegarty, author of Darkmouth (HarperCollins Children’s Books). Continue reading at The Bookseller
[ The Bookseller | 2019-01-08 00:00:00 UTC ]
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Authors Cathy Newman and Jonathan Coe have urged customers to take their business to the high street this Christmas season after suffering stock shortages of their titles on Amazon.co.uk. Continue reading at The Bookseller
[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Michelle Obama's 'Becoming' is on track to close out 2018 on top of the Apple Books store, and this week is another in the books with her debut memoir in the #1 slot. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-20 00:00:00 UTC ]
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Tufts University economist Sean Cash doesn’t normally dabble in the valuations of giant tech companies. As the Friedman School of Nutrition Science and Policy professor puts it, “My bread and butter is bread and butter.” But a few years ago, Cash got interested in answering the question of how... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2018-12-20 00:00:00 UTC ]
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A painting provided the inspiration for Lucy Strange’s second children’s book, about a family struggling with the outbreak of the Second World War. Continue reading at The Bookseller
[ The Bookseller | 2018-12-18 00:00:00 UTC ]
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The 180-page report shows a steep drop in both sales of books by Canadian authors and books published by Canadian-owned presses. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-13 00:00:00 UTC ]
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Folks used to think that e-readers would relegate traditional paper books to the scrapyard of the past and destroy the publishing industry as we knew it. But, in the time since the first Kindle e-reader was unveiled in 2007, the dire declarations of what effect the devices might have on our... Continue reading at PC World
[ PC World | 2018-12-11 00:00:00 UTC ]
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Another week on sale means another feather in the sales cap for Michelle Obama, whose 'Becoming' became, within two weeks, the bestselling book of 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-05 00:00:00 UTC ]
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The Rakuten Kobo Forma is a poster child for the tug-of-war behind the design of every device you own. Companies strive to find the right balance of size, weight and features based on market research and what’s worked well for them in the past. Sometimes it works out. Sometimes things go... Continue reading at PC World
[ PC World | 2018-12-05 00:00:00 UTC ]
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Michelle Obama's memoir, 'Becoming,' remained the #1 bestseller in the Apple Books store over Thanksgiving week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-28 00:00:00 UTC ]
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Former First Lady Michelle Obama's 'Becoming' hit #1 on the Apple Books store, beating a handful of thrillers by big-namers to the slot. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-21 00:00:00 UTC ]
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The former first lady’s autobiography has been warmly reviewed and is No 2 in the UK charts – outsold only by David WalliamsMichelle Obama’s Becoming sold almost nine copies per second on its first day on sale in North America to become the fastest-selling book of the year so far, while in the... Continue reading at The Guardian
[ The Guardian | 2018-11-20 00:00:00 UTC ]
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The Cuyahoga County Public Library’s writer-in-residence program demonstrates the library’s increasingly critical role in our literary ecosystem. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-16 00:00:00 UTC ]
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Britain's domestic and psychological suspense writers offer a dark, edgy take on this mesmerizing genre. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-16 00:00:00 UTC ]
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New releases by David Jeremiah and Joel Osteen break into the top five on the Religion Nonfiction Bestsellers list; Karen Kingsbury takes #1 in Religion Fiction with the latest installment to her Baxter Family series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-14 00:00:00 UTC ]
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Lee Child's latest Jack Reacher novel, 'Past Tense,' hit #1 on the Apple Books store last week, while pre-orders of former first lady Michelle Obama's memoir, 'Becoming,' launched that book, out today, into the #5 spot. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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Having worked for large literary lists and on one of the UK’s premier literary magazines, Ellah Wakatama Allfrey says she’s right at home at three-strong independent list Indigo Press. Continue reading at The Bookseller
[ The Bookseller | 2018-11-12 00:00:00 UTC ]
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What we learned from the Kings’ 1-0 loss to the Calgary Flames on Saturday: New coach, same old struggles Firing John Stevens and replacing him with Willie Desjardins was supposed to rekindle the passion that was missing from the Kings’ game this season. Guess what: Maybe it wasn’t Stevens’ fault... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-11 00:00:00 UTC ]
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Meredith Corp. agreed to sell Fortune magazine and its related businesses for $150 million, furthering the company's efforts to shed the news-focused brands it acquired in buying Time Inc. The buyer is Thai businessman Chatchaval Jiaravanon, an owner of the Charoen Pokphand Group conglomerate,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-09 00:00:00 UTC ]
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