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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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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The digital publisher recipe for online growth: Take a dash of food video, stir in plenty of social media, heap on the branded contentthen bake a new brand.News doesn't quite monetize as well as lifestyle fare, so publishers from Mic to Time are serving up new batches of content to attract more... Continue reading at Advertising Age
[ Advertising Age | 2017-05-17 00:00:00 UTC ]
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Paula Hawkins fans keep swimming following the release of 'Into the Water,' the author's much-anticipated follow-up to 'The Girl on the Train' and last week's top-selling title. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-17 00:00:00 UTC ]
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The Midia InkBook 8 has similar dimensions to Kobo’s Aura One, measuring 6.5 by 1.3 by 8.9 inches and sporting an eight inch e-ink display. It weighs just a bit more than its Kobo counterpart, coming it at just under nine ounces. In exchange for the e-reader’s extra heft, you’ll gain a microSD... Continue reading at PC World
[ PC World | 2017-05-16 00:00:00 UTC ]
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Readers dove head-first back into Paula Hawkins's world, with 'Into the Water' heading the latest iBooks bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-11 00:00:00 UTC ]
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Literary novelist Jon McGregor explains how his fifth novel in an impressive and lauded oeuvre, his first for Fourth estate, interrogates the extraordinary within the everyday. Continue reading at The Bookseller
[ The Bookseller | 2017-05-05 00:00:00 UTC ]
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David Baldacci's latest Amos Decker thriller, 'The Fix,' remains in the #1 slot on the iBooks list, followed by Margaret Atwood's backlist dystopian novel, 'The Handmaid's Tale.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-04 00:00:00 UTC ]
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If waterproof is high on your checklist of e-reader must-haves, we recommend that most people consider the Kobo Aura H20. It’s a capable ebook reader designed to stand up to the occasional poolside splash or even an extended soak in a hot tub. For anyone already invested in Amazon’s extensive... Continue reading at PC World
[ PC World | 2017-05-03 00:00:00 UTC ]
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The Folio Prize-winning writer takes a single moment from american history and conjures his spellbinding first full-length fiction Continue reading at The Bookseller
[ The Bookseller | 2017-04-29 00:00:00 UTC ]
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Matt Cain, novelist and editor-in-chief of Attitude, asks where the publisher-led LGBT+ initiatives are? Continue reading at The Bookseller
[ The Bookseller | 2017-04-28 00:00:00 UTC ]
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Sen. Elizabeth Warren’s latest debuts at #5 in the country overall, her best first-week showing to date. Plus retired Navy admiral William H. McRaven’s commencement speech is the #3 book in the country, and YouTuber Connor Franta returns to our lists with the #10 book in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-28 00:00:00 UTC ]
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Amazon is creating 1,200 new permanent jobs with the opening of a new fulfilment centre in Warrington. Continue reading at The Bookseller
[ The Bookseller | 2017-04-28 00:00:00 UTC ]
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Total book sales including physical and digital books rose 6% to £3.5bn, propped up by non-fiction. Continue reading at BBC News
[ BBC News | 2017-04-27 00:00:00 UTC ]
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Consumer sales down to £204m last year and are at lowest level since 2011 – when Amazon Kindle sales first took off in UK Britons are abandoning the ebook at an alarming rate with sales of consumer titles down almost a fifth last year, as “screen fatigue” helped fuel a five-year high in printed... Continue reading at The Guardian
[ The Guardian | 2017-04-27 00:00:00 UTC ]
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Could Derek Jeter do for the Miami Marlins what Magic Johnson did for the Dodgers? A group led by Jeter and former Florida Gov. Jeb Bush have won the bidding for the Miami Marlins, Bloomberg reported Tuesday. Neither the Marlins nor Major League Baseball would comment on the report. If the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-26 00:00:00 UTC ]
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NMD Trading Company has sold book supply company Mayfield Books & Gifts to Cornwall-based distributor Outstanding MD. Continue reading at The Bookseller
[ The Bookseller | 2017-04-19 00:00:00 UTC ]
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New York Gov. Andrew Cuomo earned $783,000 for his memoir, which has sold only 3,200 copies since it was published 2½ years ago, the Buffalo News reports. Cuomo's “All Things Possible: Setbacks and Success in Politics and Life” was published by the Harper Collins imprint Harper in October 2014.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-19 00:00:00 UTC ]
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Collins Learning has signed a first-of-its-kind deal to translate an influential Shanghai maths learning series – the first time the publisher has imported a book for use in schools this way. Continue reading at The Bookseller
[ The Bookseller | 2017-03-23 00:00:00 UTC ]
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W H Smith is celebrating its 225th anniversary year with a classic ‘yellowback’ book collection similar to the ones sold in the mid-1800s by the retailer. Continue reading at The Bookseller
[ The Bookseller | 2017-03-18 00:00:00 UTC ]
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Wm. Paul Young’s ‘The Shack’ continues to see strong sales following its big screen adaption, claiming the #1 spot on the iBooks bestseller list for the second week in a row. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-16 00:00:00 UTC ]
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