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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Michael Connelly's 'Dark Sacred Night' is #1 in the Apple Books store, unseating John Grisham's 'The Reckoning.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-07 00:00:00 UTC ]
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Amazon is opening a new 90,000 sq ft corporate office in Manchester next year, for 600 fresh employees, along with boosting its development centres in Edinburgh and Cambridge. Continue reading at The Bookseller
[ The Bookseller | 2018-10-19 00:00:00 UTC ]
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John Sandford's 'Holy Ghost' headed to the top of the Apple Books list this week, pushing Kyle Mills's 'Red War' into the second slot. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-17 00:00:00 UTC ]
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At Frankfurt's The Markets conference, publishing experts spoke about revenue models in the book business and the need to better understand consumers. The post The Markets Conference 2018: Revenue and Readers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-10 00:00:00 UTC ]
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A big gain in the number of self-published print ISBNs issued in 2017 offset a drop in the number of ISBNs issued for ebooks by self-published authors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-10 00:00:00 UTC ]
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E-readers are a fantastic way to breeze through novels. It turns books into completely searchable documents that you can highlight, bookmark, and make notes on. Amazon’s luxurious Kindle Voyage elevates the experience even more, and for today only, the online retailer is selling this front-lit... Continue reading at PC World
[ PC World | 2018-10-10 00:00:00 UTC ]
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Kyle Mills's 'Red War' took to the top of the Apple Books bestseller list this week, knocking 'Lethal White' by Robert Galbraith (a.k.a. J.K. Rowling) clean out of the top five. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-09 00:00:00 UTC ]
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Philip Pullman, Kamila Shamsie, Carol Ann Duffy, and Tara Westover are some of the authors whose books have been shortlisted by bookshops for 2018's Books Are My Bag Readers Awards. Continue reading at The Bookseller
[ The Bookseller | 2018-10-06 00:00:00 UTC ]
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Reese Witherspoon’s debut, ‘Whiskey in a Teacup,’ is the #2 book in the country. Plus YA author Marie Lu’s Warcross duology finishes strong, and a pair of historians offer new books on these United States. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-28 00:00:00 UTC ]
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FSG preempts a narrative nonfiction about four Renaissance queens, S&S nabs an epistolary novel about an underemployed millennial, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-28 00:00:00 UTC ]
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Bob Woodward's 'Fear: Trump in the White House' is #1 again in Apple's iBooks Store, followed by 'Rachel Hollis's Girl, Wash Your Face,' which has dominated in nonfiction for much of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-19 00:00:00 UTC ]
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Questex, the Newton, Mass.-based publisher and trade show producer serving the travel-hospitality and technology spaces, among others, has been acquired by private equity firm MidOcean Partners from Shamrock Capital, which had owned the company since 2014. Financial terms were not disclosed. As... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-13 00:00:00 UTC ]
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Anil Narang and Carl Wistreich—chairman and CEO, respectively, of AC Business Media—have sold their majority stake in the Wisconsin-based trade magazine publisher to Florida-based private equity firm Boyne Capital, the two sides announced Thursday. Concurrent with the sale, former Grand View... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-31 00:00:00 UTC ]
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Having tested the program on an invitational basis for three months, Amazon rolls out its children's book boxes offer to the US Prime membership. And the Library of Congress holds its annual National Book Festival this weekend. The post Industry Notes: Amazon ‘Prime Book Boxes’ for Children;... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-31 00:00:00 UTC ]
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Jenny Han's 'To All the Boys I've Loved Before' knocks Kevin Kwan's 'Crazy Rich Asians' down to #2 following the lauded release last week of its Netflix adaptation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-29 00:00:00 UTC ]
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Dame Jacqueline Wilson, one of the UK’s biggest-selling children’s novelists, is gearing up for the publication of one of her most anticipated books to date: My Mum Tracy Beaker. Continue reading at The Bookseller
[ The Bookseller | 2018-08-24 00:00:00 UTC ]
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Vintage took over two Thames Clippers last week to offer free "bibliotherapy sessions" to London passengers as part of the brand's Stories for Every Kind of Summer campaign. Continue reading at The Bookseller
[ The Bookseller | 2018-08-21 00:00:00 UTC ]
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Barricade Books, the independent press founded by the late maverick publisher Lyle Stuart in 1990, has been sold. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-21 00:00:00 UTC ]
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In France, 'Gone in the Night' by Guillaume Musso, about a murderous group of school friends whose secrets are about to be revealed, was the top fiction title in July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-17 00:00:00 UTC ]
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A 5.3% increase in June bookstore sales over June 2017 was not quite enough to offset a soft start to the year and bookstore sales finished the first half of 2018 with sales down 1.0% compared to a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-15 00:00:00 UTC ]
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