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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Over 1,000 libraries are running events for National Libraries Week, in a bid to “celebrate the transformation of libraries across the UK”. Continue reading at The Bookseller
[ The Bookseller | 2017-10-10 00:00:00 UTC ]
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Weidenfeld & Nicolson is to publish the memoir of Charlie Gilmour, the son of Pink Floyd's David Gilmour. Continue reading at The Bookseller
[ The Bookseller | 2017-10-07 00:00:00 UTC ]
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The bestselling iBooks in mystery, romance, sci-fi, biography, fiction, and more for the week ended October 1, 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-06 00:00:00 UTC ]
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The founder and CEO of Indigo Books & Music has a Midas touch when it comes to bestsellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-06 00:00:00 UTC ]
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Colson Whitehead’s The Underground Railroad (Fleet), Philippe Sands’ East West Street (W&N) and Naomi Alderman’s The Power (Viking) are among the books shortlisted across six categories for the 2017 Books Are My Bag Readers Awards, curated by booksellers and supported by National Book Tokens. Continue reading at The Bookseller
[ The Bookseller | 2017-10-06 00:00:00 UTC ]
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Webcrafters, one of the country's oldest printers, is to be acquired by the CJK Group, the holding company for a host of printing companies. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-02 00:00:00 UTC ]
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The presenter-turned-author is among the writers whose books will be available for £1. Continue reading at BBC News
[ BBC News | 2017-09-29 00:00:00 UTC ]
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Mills & Boon (M&B) has revealed a “huge” relaunch lined up for January, the first facelift for the brand in a decade. Continue reading at The Bookseller
[ The Bookseller | 2017-09-29 00:00:00 UTC ]
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Now with a 'pitch slam' event in which writers present projects to agents, the November 'Writer's Summit' is co-chaired by The Guardian's Alison Flood. The post ‘Writer’s Summit’ from London Book Fair and Writer’s Digest Announces Pitch Slam Agents appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-09-27 00:00:00 UTC ]
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Dungeon Masters can rest a bit easier now that the library of Dungeons and Dragons core rulebooks will soon be available in an easy-to-lug digital edition. Instead of a stack of heavy paper-bound volumes, you'll be able to take your iPad or Android t... Continue reading at Engadget
[ Engadget | 2017-09-22 00:00:00 UTC ]
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'We understand that great content plays a significant role in creating a high-quality app,' says Bakhram Fayzutdinov on licensing 'Deer Little Forest.' The post Multi-Territory Digital Publishing Rights Sold for ‘Deer Little Forest’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-09-21 00:00:00 UTC ]
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Man Booker prize judge Colin Thubron has complained this week that star endorsements bully readers into admiring books, but it’s long been standard practiceSetting cats among pigeons has long been an unofficial part of the contract for judges of the Booker prize. Remember Chris Mullin’s... Continue reading at The Guardian
[ The Guardian | 2017-09-15 00:00:00 UTC ]
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'Enemy of the State,' a Vince Flynn novel written by Kyle Mills, took the top spot on the iBooks Bestseller list this week, followed by Stephen King's 'It.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
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At outlets that report to NPD BookScan, unit sales of print books were 1% lower in the week ended Sept. 3, 2017, than in the comparable week in 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
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Sister Pictures has acquired the television rights for writer and comedian Adam Kay’s debut This is Going To Hurt: Secret Diaries Of A Junior Doctor in a 12-way auction. Continue reading at The Bookseller
[ The Bookseller | 2017-09-07 00:00:00 UTC ]
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Good morning. Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing and digital-related news. What people are talking about today: The New York Daily News, or "New York's Hometown Newspaper" as the slogan goes, has been sold to Chicago-based publishing company Tronc. The... Continue reading at Advertising Age
[ Advertising Age | 2017-09-05 00:00:00 UTC ]
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Only a third of books translated into English last year were by female writers. As Women in Translation month wraps up, we investigate why – and if things are changing• In their own words: 10 female translators on the work that inspires themWhen Argentinian author Samanta Schweblin’s first book,... Continue reading at The Guardian
[ The Guardian | 2017-08-31 00:00:00 UTC ]
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Yellow Kite has acquired a book by couples’ therapist Esther Perel asking readers to re-examine their prejudices and assumptions about infidelity. Continue reading at The Bookseller
[ The Bookseller | 2017-08-24 00:00:00 UTC ]
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The first of Deborah Harkness' bestselling All Souls Trilogy, A Discovery of Witches, is being adapted for Sky 1 and Now TV starring Matthew Goode and Teresa Palmer. Continue reading at The Bookseller
[ The Bookseller | 2017-08-24 00:00:00 UTC ]
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The end of the summer and the beginning of the school year finds a mixed bag of ebooks hitting the Apple iBooks store's bestseller list, including Kendall Ryan's self-published romance at #1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-23 00:00:00 UTC ]
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