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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Stephen King's 'The Outsider' stayed #1 in Apple's iBooks store last week, followed by Nora Roberts's 'Shelter in Place.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-06 00:00:00 UTC ]
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Authors, publishers, and booksellers gathered for a panel discussion on efforts to reach young readers Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-05 00:00:00 UTC ]
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"We don’t want it [paid-for content] to be too in your face." The post How German publisher Spiegel is experimenting beyond the metered paywall to drive reader revenue appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-06-05 00:00:00 UTC ]
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Bloomberg published an eyebrow-raising report Thursday night about a draft proposal being prepared by the Trump administration that would subsidize the coal industry in part by invoking a Cold War-era law intended for use in national security emergencies: Continue reading at Slate
[ Slate | 2018-06-01 00:00:00 UTC ]
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Digital reading company Rakuten Kobo is to release a new e-reader called Kobo Clara HD. Continue reading at The Bookseller
[ The Bookseller | 2018-05-30 00:00:00 UTC ]
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We spoke to Legend Press' managing director Tom Chalmers about its second set of Classics, publishing this June. Continue reading at The Bookseller
[ The Bookseller | 2018-05-30 00:00:00 UTC ]
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The endorsement of a Chinese actor powers Yu Hua's 'To Live' to the top of China's April fiction charts, when fellow celebrities spread the word and young readers hear the call. The post April 2018 Bestseller Lists From China: Young Readers Cheer a Celebrity-Powered World Book Day appeared first... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-05-29 00:00:00 UTC ]
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While most publishers at Licensing Expo in Las Vegas this week are there as attendees, a growing number of houses are participating as exhibitors as well. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-23 00:00:00 UTC ]
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David Baldacci's latest Amos Decker novel, 'The Fallen,' remained at the top of Apple's iBooks store last week, with James Patterson and Maxine Paetro's 'The 17th Suspect' following at #2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-23 00:00:00 UTC ]
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Amazon’s Kindles are among the best ways to read without lugging around physical copies of all your favorite books and magazines, and if you’re looking to try one for yourself, today's your lucky day—our favorite e-reader, the Kindle Paperwhite, is on sale now for $90, its lowest price since... Continue reading at PC World
[ PC World | 2018-05-23 00:00:00 UTC ]
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The inaugural Fiction Readers Summit brought together top selling Christian fiction authors and their fans in Grand Rapids, Mich. earlier this month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-23 00:00:00 UTC ]
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David Baldacci remained at the top of Apple's iBooks store last week with his latest Amos Decker novel, 'The Fallen.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-16 00:00:00 UTC ]
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Bob Goff’s ‘Everybody, Always,’ a follow-up to 2012’s ‘Love Does,’ debuted at #1 on PW’s Religion Nonfiction list. Plus, Francine Rivers maintains her #1 spot in Religion Fiction with her newest novel, ‘The Masterpiece.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-09 00:00:00 UTC ]
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David Baldacci returns, with hero Amos Decker at the fore, to the top of Apple's iBooks store with 'The Fallen,' which took the top slot this past week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-08 00:00:00 UTC ]
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Pearson has reported it is "on track" to return to underlying profit growth in 2018 after its revenue rose 1% in the first quarter. Continue reading at The Bookseller
[ The Bookseller | 2018-05-05 00:00:00 UTC ]
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Suffolk-based book printers Clays has been bought by Italian printers Elcograf S.p.A for £23.8m. Continue reading at The Bookseller
[ The Bookseller | 2018-05-02 00:00:00 UTC ]
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Elliott Advisors, a U.S. investment firm, has agreed to buy U.K. bookstore chain Waterstones for an undisclosed sum. James Daunt will remain CEO. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-26 00:00:00 UTC ]
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Former FBI director James Comey's Washington, D.C., tell-all, 'A Higher Loyalty,' stayed on top of the iBooks Store's bestseller list in its first week on sale. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-24 00:00:00 UTC ]
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New research by the Reading Agency suggests the UK is a nation afflicted with "book-block", with many readers deciding to give up on books after struggling through a difficult title. Continue reading at The Bookseller
[ The Bookseller | 2018-04-24 00:00:00 UTC ]
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A fast-updating ticker from Amazon Charts is displaying how many pages have been read in nine prominent translations curated by the editors of AmazonCrossing. These #readtheworld titles can be downloaded free through April 24 in recognition of World Book Day. By Porter Anderson, Editor-in-Chief... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-04-19 00:00:00 UTC ]
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