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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Charlotte Wilson asks what publishers are doing to reach non-YA readers, and suggests how to attract new readers. Continue reading at The Bookseller
[ The Bookseller | 2017-08-22 00:00:00 UTC ]
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From the VOA: Amid tough economic times in South Africa, consumers are supporting a growing number of used book stores, avoiding new-book prices. The post In an Economic Crunch, South African Readers Turn to Used Book Stores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-08-07 00:00:00 UTC ]
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Publisher John Wiley has launched a content sharing initiative across its research portfolio, following a successful four-month trial run earlier this year. Continue reading at The Bookseller
[ The Bookseller | 2017-08-02 00:00:00 UTC ]
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The London Book Fair and US magazine Writer’s Digest are to launch a new conference for authors, The Writer’s Summit, which will explore new opportunities in publishing and in developing successful writing careers. Continue reading at The Bookseller
[ The Bookseller | 2017-07-28 00:00:00 UTC ]
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In Canada, BookNet's check on sales shows ebooks a bit up, In the UK, a new author day is announced by London Book Fair and the US-based Writer's Digest. The post Industry Notes: Canada’s Shifts in Ebook and Print; London Book Fair Plans a Writer’s Digest Day appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-07-28 00:00:00 UTC ]
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‘So my $15m book deal got cancelled because a few snowflakes were upset over something I said about children. Well, diddums’This is the book people said couldn’t be published because I was so dangerous. Well, you don’t get to silence The World’s Most Dangerous Faggot that easily. Have I said... Continue reading at The Guardian
[ The Guardian | 2017-07-16 00:00:00 UTC ]
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John Grisham continues to enjoy the island life as his first-ever summer beach read, 'Camino Island,' remains afloat atop the iBooks bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-05 00:00:00 UTC ]
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The books in the publisher's new Artisinal Kitchen line are priced modestly for the publisher and the category, at $12.95, and are intended to appeal to new readers...and make it into more retail outlets. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-05 00:00:00 UTC ]
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N.J. Campbell, author of the mind-bending new novel, 'Found Audio,' picks 10 delightfully puzzling books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-30 00:00:00 UTC ]
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Effective July 1, MVB Marketing, a subsidiary of Börsenverein, the German Publisher and Bookseller Association, will take over ownership of Pubnet and PubEasy. Ted Hill has been named general manager. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-29 00:00:00 UTC ]
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Harvill Secker has pre-empted Star of the North by D B John, an international thriller moving between the US and North Korea. Continue reading at The Bookseller
[ The Bookseller | 2017-06-27 00:00:00 UTC ]
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John Grisham's first career beach read stays at the crest of the wave on the iBooks bestseller list, followed by Nora Roberts's latest at #2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-22 00:00:00 UTC ]
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John Grisham heads to the beach for the first time in his novelistic career as his latest, 'Camino Island,' set around a popular bookstore in a sleepy Florida resort town, hits #1 in Apple's iBooks store. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-16 00:00:00 UTC ]
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A new report issued this week by the trade association representing German publishers and booksellers revealed that book revenue was up 1% in Germany last year, hitting €9.28 billion ($10.41 billion). The largest segment seeing gains was children's books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-15 00:00:00 UTC ]
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Many in the book trade have reacted with surprise and excitement to the shock General Election result, which saw the Conservatives fail to win a majority government, and Labour increase its number of seats by 29 – contradicting many pollsters’ predictions of a large Tory majority. Continue reading at The Bookseller
[ The Bookseller | 2017-06-10 00:00:00 UTC ]
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Pastor Louie Giglio debuts on our Religion Nonfiction Bestsellers list at #4 with a new take on the biblical story of David and Goliath. Plus, Richard Paul Evans tops in Religion Fiction with ‘The Broken Road.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-08 00:00:00 UTC ]
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Jacaranda Books is launching a Caribbean-themed crime series this summer by Paula Lennon, starting with Murder in Montego Bay. Continue reading at The Bookseller
[ The Bookseller | 2017-06-05 00:00:00 UTC ]
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Mostly Books in Abingdon has been sold to new owner Sarah Dennis, who has held a “long ambition” to run her own book business. Continue reading at The Bookseller
[ The Bookseller | 2017-05-31 00:00:00 UTC ]
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'My favorite page is the one with the butterflies,' says Lilli in her video review of 'Greta Go-Lucky', a German book ready for grown-up rights buyers. The post Out of the Mouths of Babes: Young Readers on ‘Children’s Choice’ German Titles appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-05-25 00:00:00 UTC ]
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Reports in Russia describe a 60-percent growth in ebook sales last year, and analysts say digital formats may grow at 30 to 50 percent for years to come. The post Russia’s Readers Raise the Digital Stakes Amid Falling Print Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-05-22 00:00:00 UTC ]
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