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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The building housing Foyles’ iconic flagship store on London’s Charing Cross Road has been sold to real estate fund Brockton Capital for around £45m, according to Property Week. Continue reading at The Bookseller
[ The Bookseller | 2018-04-14 00:00:00 UTC ]
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In June, select subscriber covers of Cosmopolitan, Good Housekeeping, Redbook and Woman's Day will transport readers back to the 1950s. As part of a collaboration with Amazon, the four Hearst titles will have special, peel-off top covers with the logos and fonts the titles used in the 50s, as... Continue reading at AdWeek
[ AdWeek | 2018-04-13 00:00:00 UTC ]
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Does the burgeoning technology—best known in the finance industry for powering cryptocurrencies like Bitcoin—hold promise for publishing? Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-11 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 April 1, 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-06 00:00:00 UTC ]
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C.J. Box's 'The Disappeared' was the #1 bestseller in Apple's iBooks store last week, followed by Nora Roberts's 'River's End.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-04 00:00:00 UTC ]
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Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell flagship publication Time as well as Sports Illustrated, Fortune and Money after completing a review of the $1.8 billion deal.The company also intends to eliminate about 1,000 jobs over the next 10... Continue reading at Advertising Age
[ Advertising Age | 2018-03-22 00:00:00 UTC ]
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Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell the flagship publication Time, as well as Sports Illustrated, Fortune and the Money brand, after completing a review of the $1.8-billion deal. The company also intends to eliminate about 1,000 jobs over... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-03-22 00:00:00 UTC ]
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David Corn and Michael Isikoff's book on the Russian impact on the 2016 election, 'Russian Roulette,' beat Kristin Hannah's 'The Great Alone' to the #1 slot on the Apple iBooks store's bestseller list this week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-21 00:00:00 UTC ]
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The entire political class has "sold out" on Brexit, Ken Clarke MP has told delegates to the IPG Conference, as he discussed the government's current "astonishing and complex" task in negotiating a new relationship with the European Union and rest of the world. Continue reading at The Bookseller
[ The Bookseller | 2018-03-09 00:00:00 UTC ]
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Jason Matthews's 'Red Sparrow' flew to the top of the bestseller list in Apple's iBooks store last week, followed by Kendall Ryan's latest self-published erotica, 'Baby Daddy.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-07 00:00:00 UTC ]
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From Brazil, China, India, and the UAE, five children's book publishers spoke the growing urgency to build young readership as competitive digital enticements grow more seductive. The post Five Viewpoints on Creating Tomorrow’s Readers: Literacy, Digital, and Children’s Books appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-03-05 00:00:00 UTC ]
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Support from authors including Marian Keyes sees Emma Hannigan’s Letters to My Daughters become a bestseller, after she announces ‘all avenues have been exhausted’ in her treatmentEmma Hannigan’s Letters to My Daughters has shot to the top of book charts in Ireland, after the author announced... Continue reading at The Guardian
[ The Guardian | 2018-02-28 00:00:00 UTC ]
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Pan Macmillan has launched a competition for seven independent booksellers across the UK and Ireland to celebrate the 175th anniversary of parent company Macmillan. Continue reading at The Bookseller
[ The Bookseller | 2018-02-23 00:00:00 UTC ]
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Greer Hendricks and Sarah Pekkanen keep the top slot one more week with their 'The Wife Between Us,' while Kristin Hannah's 'The Great Alone' climbs to #2 Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-21 00:00:00 UTC ]
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Resurfacing many lesser-known Man Booker Prize for Fiction winners of the past, the Booker Foundation opens a crowdsourced competition to select the best of the best of 50 years. The post Readers to Choose ‘Golden Man Booker Prize’: 50 Years of Winners appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-20 00:00:00 UTC ]
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Connect Books has been sold to private equity firm Aurelius for just £6m – nearly half of the originally-agreed sale price. Continue reading at The Bookseller
[ The Bookseller | 2018-02-16 00:00:00 UTC ]
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Greer Hendricks and Sarah Pekkanen's 'The Wife Between Us' remains between A.J. Finn's 'The Woman in the Window' and the top slot of Apple's iBooks store's bestsellers list one more week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-14 00:00:00 UTC ]
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AMP Stories. Credit: GoogleGoogle has launched AMP Stories, a feature that lets publishers create content similiar to Instagram Stories, but for mobile websites.AMP, short for Accelerated Mobile Page, loads content extremely fast. The open-source project was led by Google roughly two years ago,... Continue reading at Advertising Age
[ Advertising Age | 2018-02-13 00:00:00 UTC ]
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