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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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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Shoes, watches, sweaters and... pistachios resonate with readers. The post Readers are Going ‘Nuts’ for the Top 5 Recalled Ads in Men’s Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-02-09 00:00:00 UTC ]
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The positive impact of currency fluctuations, plus higher backlist sales in its children's division, led to a 1% revenue rise at HarperCollins this past quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-08 00:00:00 UTC ]
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Greer Hendricks and Sarah Pekkanen's 'The Wife Between Us' has passed A.J. Finn's 'The Woman in the Window' to take the top slot on the iBooks bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-07 00:00:00 UTC ]
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DC Entertainment has recruited a lineup of notable authors to produce stories for two new graphic novel imprints for young readers: DC Ink for teens and DC Zoom for middle graders. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-06 00:00:00 UTC ]
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A two-year literature research project at Bath Spa University has culminated in a digital ghost story which personalises the “haunting” to each reader through their mobile phone. Continue reading at The Bookseller
[ The Bookseller | 2018-01-31 00:00:00 UTC ]
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'The Woman in the Window' by A.J. Finn remains on top of the bestseller list in Apple's iBooks store this week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-30 00:00:00 UTC ]
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Audiences have moved toward fun fiction and away from furious facts as Michael Wolff's 'Fire and Fury' takes a tumble to #3 on the iBooks list, while 'The Woman in the Window' by A.J. Finn—a book editor who now writes thrillers under a pen name—takes the #1 slot. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-25 00:00:00 UTC ]
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Booksellers hail strong sales for Donald Trump exposé, but Tom Kerridge’s diet book sets the most British tills ringingAlmost 60,000 print copies of Michael Wolff’s Donald Trump exposé Fire and Fury were sold in the UK last week, but the British public’s New Year’s resolutions meant the... Continue reading at The Guardian
[ The Guardian | 2018-01-16 00:00:00 UTC ]
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The National Book Foundation will launch an adult-focused reading initiative, Raising Readers, after receiving one of seven 2018 Mayor's Grants for Cultural Impact from the New York City Department of Cultural Affairs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-10 00:00:00 UTC ]
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As the agency that her publishing house has formed with two cordial competitors reaches its first year, Teos' CEO Nina Paavolainen says she's optimistic about seeing Finland's literature find more international traction in 2018. The post Helsinki’s Nina Paavolainen on ‘Good Readers’ in Finland’s... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-04 00:00:00 UTC ]
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Dexter creator Jeff Lindsay sells two titles in a new series to Dutton, Harlequin buys a debut YA fantasy, Library of America picks up an anthology of essays about Peanuts, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-29 00:00:00 UTC ]
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Santa was good to booksellers this year. The week before Christmas, overall print unit sales were 7% higher than in the comparable week last year, and a lot of books saw substantial sales jumps. Here are the adult hardcover titles that saw the largest week-over-week increases in unit sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-29 00:00:00 UTC ]
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Leilany Medina, 11, loves books so much that she’d like to become a librarian. But even she sometimes forgets to return books on time, especially if she hasn’t quite finished. And she’s racked up some late fines. But local libraries are providing a way out for such book lovers, and creating new... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-12-25 00:00:00 UTC ]
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Children’s novel about a boy trying to break his father out of prison sells more than 60,000 copies in a week to secure top slot in festive book chartsDavid Walliams’s tale of a boy trying to break his father out of prison, Bad Dad, has beaten Jamie Oliver’s latest recipe collection to the top... Continue reading at The Guardian
[ The Guardian | 2017-12-20 00:00:00 UTC ]
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The top slot in Apple's iBooks store seems to have turned to stone in the past few weeks, as E.L. James maintains her grip once more with 'Darker.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-20 00:00:00 UTC ]
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The Arts Council England report has set the internet ablaze – but are sales of literary fiction in decline because of snobbery, bad writing or Candy Crush?News: Literary fiction in crisis as sales drop dramaticallyArts Council England has sounded the alarm for literary fiction with a report... Continue reading at The Guardian
[ The Guardian | 2017-12-15 00:00:00 UTC ]
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In its four-year bid to benefit 310 public primary schools in Africa, Book Aid International reports reaching almost 99,000 students' classrooms this year. The post 2017 Update: Book Aid International Progress ‘Inspiring Readers’ in Africa appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-14 00:00:00 UTC ]
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For bibliophiles, it is tempting to buy books as presents to ‘fix’ people who don’t read – but this is snobbery of the worst kindYou’re making a list, you’re checking it twice, and your fall-back position will be a nice book or two for friends and family to unwrap on Christmas Day. Everybody... Continue reading at The Guardian
[ The Guardian | 2017-12-14 00:00:00 UTC ]
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