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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European publishers and booksellers have welcomed the decision of the European Commission to allow VAT to be reduced on ebooks, with sales now bound to go up, according to booksellers. Continue reading at The Bookseller
[ The Bookseller | 2016-12-02 00:00:00 UTC ]
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Folks used to think that e-readers would relegate traditional paper books to the scrapyard of the past and destroy the publishing industry as we knew it. But, in the time since the first Kindle e-reader was unveiled in 2007, the dire declarations of what effect the devices might have on our... Continue reading at PC World
[ PC World | 2016-11-23 00:00:00 UTC ]
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At Denmark's largest book fair, Bogforum, director Andreas Nordkild Poulsen is working on engaging readers and giving publishers and authors a public forum. The post Denmark’s Bogforum: Bringing Readers, Authors and Publishers Together appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-11-16 00:00:00 UTC ]
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The Shanghai Children's Book Fair opens this week with a global roster of speakers; Penguin Random House rolls out a plan to help employees pay off student loans. The post International Industry Notes: Young Readers in China; Young Publishers in the US appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-11-15 00:00:00 UTC ]
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After sending a request to Attorney General Loretta Lynch asking whether she is committed to keeping the reader privacy policy adopted by her predecessor, the department reffirrmed that it will abide by those protections. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-03 00:00:00 UTC ]
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John Grisham's 'The Whistler' has pushed Paula Hawkins's 'The Girl on the Train' from its longstanding perch at the top of the iBooks bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-02 00:00:00 UTC ]
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Called in promotional text “exclusively Irish, inclusive in every other sense,” the Bord Gáis Energy Book Awards shortlists are now open for readers’ votes. By Dennis Abrams | @DennisAbrams2 November 11 Is Vote Deadline he shortlists for the Bord Gáis Energy Irish Book Awards have been... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-11-01 00:00:00 UTC ]
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A bookstore/restaurant preps for its Maryland opening; stores expand in New Jersey and Washington; a California bookstore adds a publishing arm; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-01 00:00:00 UTC ]
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Figures show that game-playing vloggers’ print debut sold more than 26,000 copies in its first three days on sale last weekA week after the starting gun was fired on the race to the top of the Christmas book charts, YouTube superstars the Sidemen have emerged in front of the likes of Jamie... Continue reading at The Guardian
[ The Guardian | 2016-10-26 00:00:00 UTC ]
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Jamie Oliver and Phil Collins go up against Ladybird parodies and Danish coziness on bumper publishing day Jamie Oliver and Phil Collins will do battle against Ladybird and the Danish concept of hygge in the race to be Christmas No 1 in the UK book charts, which begins in earnest with the... Continue reading at The Guardian
[ The Guardian | 2016-10-20 00:00:00 UTC ]
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Lysa TerKeurst maintained the #1 spot on PW’s Religion Nonfiction Bestsellers list for the second consecutive month with ‘Uninvited,’ while the companion study guide took #9. Plus, Jonathan Cahn debuted on our Fiction list with his newly released ‘The Book of Mysteries.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-12 00:00:00 UTC ]
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BBC Radio 1 presenter Gemma Cairney is going to be speaking in conversation with The Reading Agency at The British Library next month. Continue reading at The Bookseller
[ The Bookseller | 2016-10-06 00:00:00 UTC ]
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At this year's Pacific Northwest Booksellers Association trade show, held September 29–October 2 at the Hotel Murano in Tacoma, Wash., books for younger readers held their own against big-name adult draws. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-06 00:00:00 UTC ]
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Harrogate author Jackie Buxton has presented cheques of £860.32 each to Breast Cancer Haven and Sir Robert Ogden Macmillan Centre from the sales of her book: Tea & Chemo; Fighting Cancer, Living Life. Continue reading at The Bookseller
[ The Bookseller | 2016-10-05 00:00:00 UTC ]
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The new PA president Stephen Barr outlines his priorities in an interview with Benedicte Page. Continue reading at The Bookseller
[ The Bookseller | 2016-10-01 00:00:00 UTC ]
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After 10 years of ownership, bookseller Isla Dawes has sold Barnes Bookshop to former director of Heywood Hill Bookshop Venetia Vyvyan for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2016-10-01 00:00:00 UTC ]
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It’s unclear if publishers will bounce back by year’s end, but there are encouraging signs. There have been some prominent best sellers, including “Harry Potter and the Cursed Child.” Continue reading at The New York Times
[ The New York Times | 2016-09-23 00:00:00 UTC ]
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Robert Gottlieb in his Midtown Manhattan townhouse. He has mainly spent his career as an editor but has just published a memoir about his life in the world of books. Continue reading at The New York Times
[ The New York Times | 2016-09-23 00:00:00 UTC ]
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For most news publishers, their audiences increasingly prefer visiting them on mobile devices. Forbes faced this problem acutely, with half its audience coming to it on mobile devices. So it created card-like formats to replace text-based stories. The financial news publisher said its new... Continue reading at Digiday
[ Digiday | 2016-09-15 00:00:00 UTC ]
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The Booksellers Association is set to launch a new book prize to coincide with the annual Books Are My Bag campaign, asking readers to vote for their favourite books of the year across five categories. Continue reading at The Bookseller
[ The Bookseller | 2016-09-13 00:00:00 UTC ]
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