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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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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Author Nicola Davies will this autumn sell off artwork donated by illustrators such as Steve Antony and Sophy Henn to her #3000Chairs campaign, which raises money to help child refugees. Continue reading at The Bookseller
[ The Bookseller | 2018-08-10 00:00:00 UTC ]
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Comics publishers and video game developers prove a natural match, with overlapping fan bases and complementary content making for eye-popping revenue opportunities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-10 00:00:00 UTC ]
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Publishers are preparing to hit the Christmas market hard in 2018 with a range of giftable quizzing titles. Continue reading at The Bookseller
[ The Bookseller | 2018-08-04 00:00:00 UTC ]
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The "majority of publishing assets" of the late Peter Mayer’s company Duckworth have been acquired by independent Prelude Books for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2018-08-03 00:00:00 UTC ]
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The New York Times is out with a grim scoop from medialand this afternoon in a post headlined "Facing Losses, Cond Nast Plans to Put 3 Magazines Up for Sale." Oddly enough, you have to dive pretty deep into the story by Edmund Lee and Sapna Maheshwari to find out which three mags. So we... Continue reading at Advertising Age
[ Advertising Age | 2018-08-02 00:00:00 UTC ]
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For the first time in its 45-year history, Dennis Publishing has been sold. The London-based publisher of The Week and Mental Floss, among numerous others, has been acquired by British private equity firm Exponent, both parties announced Tuesday. Proceeds from the sale will go to the Heart of... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-31 00:00:00 UTC ]
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Quercus author Elly Griffiths emerged triumphant at the Dead Good Reader Awards with a double win while Clare Macintosh, C J Tudor, Lee Child and Lisa Jewell also scooped awards. Continue reading at The Bookseller
[ The Bookseller | 2018-07-27 00:00:00 UTC ]
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Daniel Silva's latest, 'The Other Woman,' is #1 on Apple's iBooks store, dropping the most recent top seller, Gillian Flynn's 'Sharp Objects,' down to #2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-25 00:00:00 UTC ]
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Gillian Flynn is back at the top of the Apple iBooks store courtesy of the recent adaptation of her novel 'Sharp Objects,' which is now #1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-18 00:00:00 UTC ]
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The latest book in Brad Thor's Scot Harvath series, 'Spymaster,' hit #1 on Apple's iBooks store last week, toppling Elin Hilderbrand's 'The Perfect Couple,' which dropped down one slot on the list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-11 00:00:00 UTC ]
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The bestselling iBooks in biographies and memoirs, fiction and literature, mysteries and thrillers, and more for the week ended July 1, 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-06 00:00:00 UTC ]
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Elin Hilderbrand's 'The Perfect Couple' remained #1 last week on Apple's iBooks store, followed by Emily Giffin's 'All We Ever Wanted.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-03 00:00:00 UTC ]
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Andrew Tuck, editor of global affairs and lifestyle magazine Monocle, has said that “promiscuous" readers are irrelevant to the company's bottom line, which is bolstered by pursuing meaningful relationships with readers. Continue reading at The Bookseller
[ The Bookseller | 2018-06-27 00:00:00 UTC ]
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CANNES, France--Being able to effectively target an audience is the ultimate quest of any digital media company. That's why Gannett, publisher of USA Today, more than 100 local newspapers and a dozen national digital sites, is looking to a new product to connect brands and users. We caught up... Continue reading at AdWeek
[ AdWeek | 2018-06-25 00:00:00 UTC ]
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Penguin Random House is marking its fifth anniversary since the merger that formed the publisher in 2013. Its global c.e.o. Markus Dohle discusses its achievements, and its plans for the future. Continue reading at The Bookseller
[ The Bookseller | 2018-06-25 00:00:00 UTC ]
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The beloved brand has been reimagined as a multiplatform media juggernaut with the classic real-life story at its core. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-22 00:00:00 UTC ]
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James Patterson and Bill Clinton kept their #1 slot in Apple's iBooks Store last week with 'The President Is Missing.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-19 00:00:00 UTC ]
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TV rights for former agent Hannah Begbie’s debut Mother have been sold to Clerkenwell Films following a four-way auction. Continue reading at The Bookseller
[ The Bookseller | 2018-06-15 00:00:00 UTC ]
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The second-newest imprint in Amazon Publishing’s portfolio offers both audio and ebook editions of works brought together in thematic collections. The first was released during BookExpo in New York City. By Porter Anderson, Editor-in-Chief | @Porter_Anderson A First Collection Bundles Text and... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-11 00:00:00 UTC ]
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