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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Publishers trying to wrest their readers back from search and social media might take a long look at The Daily Beast, the IAC-owned news publisher that lures 40 percent of its readers to its homepage every month. The post How The Daily Beast gets 40 percent of readers to visit its homepage... Continue reading at Digiday
[ Digiday | 2016-09-12 00:00:00 UTC ]
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Publishers around the world are trying to figure out how to benefit from social platforms and apps. In June, publishers from all over the world gathered at the Digiday Publishing Summit in Japan to discuss how they are growing internationally at scale. The post Quartz’s Jay Lauf: ‘Serving the... Continue reading at Digiday
[ Digiday | 2016-09-08 00:00:00 UTC ]
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Lysa TerKeurst’s ‘Uninvited’ sold nearly 100,000 copies in August and took #1 on our Religion Nonfiction list. Plus, Wanda Brunstetter topped Fiction with the final installment of her Amish Millionaire series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-08 00:00:00 UTC ]
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Wattpad has claimed writers could earn up to $1,000 (£758) a month through its new advertising programme. Continue reading at The Bookseller
[ The Bookseller | 2016-09-05 00:00:00 UTC ]
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David Salariya, founder of The Salariya Book Company, gives tips on how publishers can engage reluctant readers. Continue reading at The Bookseller
[ The Bookseller | 2016-08-27 00:00:00 UTC ]
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As in parts of the world, distribution challenges loom large in Johannesburg for the book business. Bookseller Griffin Shea sees the need for a 'metaphorical bridge.' The post South Africa’s Bridge Books: ‘To Link Publishers With Readers’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-08-19 00:00:00 UTC ]
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Kobo is set to release a new premium e-reader in September – The Kobo Aura One – which reduces blue light to help readers sleep better after using it. Continue reading at The Bookseller
[ The Bookseller | 2016-08-18 00:00:00 UTC ]
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Harry Potter and the Cursed Child (Little, Brown) has once again taken the Official Top 50 number one spot, with 168,389 copies sold for £1.86m in its second week on sale. Continue reading at The Bookseller
[ The Bookseller | 2016-08-17 00:00:00 UTC ]
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Spanish-language broadcaster Univision has bought Gawker Media in an auction for $135 million. That's according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced. The online gossip and news publisher was put on the block in the... Continue reading at Baltimore Sun
[ Baltimore Sun | 2016-08-17 00:00:00 UTC ]
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Jack in and enjoy the best cyberpunk comics, filled with cybernetic implants, androids, virtual realities, and a healthy dose of anti-authority. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-10 00:00:00 UTC ]
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For the first time, a pair of self-published authors, Aaron and Jennifer Smith, took two spots on PW’s Religion Nonfiction Bestsellers list. Plus, Wanda Brunstetter topped the fiction list with the latest installment of her Amish Milionaire series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-10 00:00:00 UTC ]
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As a growing number of readers in South Korea reportedly are rediscovering their authors' literature, industry players are upbeat about this year's book sales potential. The post Are South Korean Readers Rediscovering Their Literature? appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-08-05 00:00:00 UTC ]
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The Bronx gets closer to having a winning store; customers petition to keep a bookstore landmark in D.C.; stores open in New Jersey and Arkansans; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-01 00:00:00 UTC ]
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This week: Eowyn Ivey's outstanding new adventure novel, plus an account of the 1974 abduction of heiress Patty Hearst. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
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YouTuber Shane Dawson has the #3 book in the country with ‘It Gets Worse,’ the followup to his 2015 debut, ‘I Hate Myselfie.’ Plus Ruth Ware sees success with her sophomore effort, coloring books and ‘The Girl on the Train’ roll on, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
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Jenna Johnson closes her first acquisition at FSG, Philomel Books’ Jill Santopolo sells her debut, teen comic Ruby Karp gets Obsessed at Running Press, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
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With economic shrinkage forecast to continue, Brazil's publishing industry battles educational and distribution challenges: 'We've had to reinvent ourselves,' says a key player in the book business. The post ‘Expand the Number of Readers’: Brazil’s Miriam Gabbai appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-07-29 00:00:00 UTC ]
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Peter James, Sharon Bolton and "Robert Galbraith" were among the authors honoured at the second annual Dead Good Reader Awards 2016 at the Theakstons Old Peculier Crime Writing Festival in Harrogate. Continue reading at The Bookseller
[ The Bookseller | 2016-07-26 00:00:00 UTC ]
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‘Gerald and I looked through the vents and saw a male having intercourse. I noted that Gerald ejaculated at 7.51pm’I know a married man with two children who bought a 21-room motel near Denver many years ago in order to become its resident voyeur. I first became aware of this individual in 1980... Continue reading at The Guardian
[ The Guardian | 2016-07-24 00:00:00 UTC ]
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National Geographic Kids is the latest publisher to jump onto Facebook Messenger bot platform, where since April there have been built 11,000 other bots from brands and publishers. Tina the T-Rex will be alive for just a week as a brand awareness tool to teach kids about dinosaurs. The publisher... Continue reading at Digiday
[ Digiday | 2016-07-22 00:00:00 UTC ]
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