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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Beringer Capital acquires the weekly magazine and web verticals months after their spin-off from Prometheus Global Media. The post Adweek Sold to Canadian Private Equity Firm appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-07-18 00:00:00 UTC ]
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Ryan, who previously hit the 'New York Times' bestseller list with 'Screwed,' took the top spot on the iBooks list with the first title in her Imperfect Love series. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-14 00:00:00 UTC ]
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Sales shot up for Kathi Lipp’s 2009 ‘The Husband Project’ with the launch of an online Bible. Plus, Jan Karon maintained the top perch in Religion Fiction for the second month in a row. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-07-13 00:00:00 UTC ]
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A major stake in German book chain Thalia has been sold to the German Herder family, which runs a longstanding publishing house of the same name. Continue reading at The Bookseller
[ The Bookseller | 2016-07-12 00:00:00 UTC ]
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Amazon is creating 1,000 new permanent jobs in the UK, on top of the 2,500 roles previously announced in January, as it gears up for its “biggest Christmas ever”. Continue reading at The Bookseller
[ The Bookseller | 2016-07-08 00:00:00 UTC ]
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Brad Thor's latest Scot Horvath novel, 'Foreign Agent,' took the top spot on the iBooks U.S. bestseller list for the week ended June 19. Jojo Moyes' 'After You' came in at #2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-22 00:00:00 UTC ]
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For Independent Booksellers' Week Faber c.e.o. Stephen Page on how "bookselling in its oldness is part of the new". Continue reading at The Bookseller
[ The Bookseller | 2016-06-21 00:00:00 UTC ]
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Two Christian bloggers debut on the Religion Nonfiction list, and Jan Karon claims two spots on the Fiction list, toppling longtime leader Wanda Brunstetter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-08 00:00:00 UTC ]
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“Making a Profit by Making a Difference” was the theme of this year’s Book Industry Study Group (BISG) conference, held in New York. Continue reading at The Bookseller
[ The Bookseller | 2016-06-04 00:00:00 UTC ]
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DK has re-launched its children’s reading scheme with a new programme built for children aged three-11, which will see 10 new titles released this year. Continue reading at The Bookseller
[ The Bookseller | 2016-06-03 00:00:00 UTC ]
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A Canadian couple sets up shop in Edmonton; an IT expert opens a low-tech kids’ store in California; a Washington state classic changes hands; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-01 00:00:00 UTC ]
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Readership insights and annual award winners from the CRMA's annual conference in Denver. The post Print Ad Influence Remains Strong Among Regional Magazine Readers appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-05-24 00:00:00 UTC ]
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Publishers and attendees were pleased with the venue and the programming for BookCon 2016. While attendees were disappointed that the show was for only one day this year, publishers expressed relief. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-15 00:00:00 UTC ]
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If there’s one characteristic that fans of Sarah Maas’s Throne of Glass series, Victoria Aveyard’s Red Queen series, and Laini Taylor’s Daughter of Smoke & Bone series share, it’s this: they can’t read each installment fast enough. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-14 00:00:00 UTC ]
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We know that Marissa Meyer and Leigh Bardugo’s YA novels usually get pigeonholed as fantasy, but that catch-all doesn’t really convey the essence of the fictional worlds they’ve created and filled with males and females who are equally swashbuckling as heroic characters. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-14 00:00:00 UTC ]
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“For many, China is a black box,” said Ruediger Wischenbart, director of international affairs for BookExpo America, as part of his introduction to China By the Numbers, a panel discussion which sought to deliver straightforward data to those interested in the Chinese market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-12 00:00:00 UTC ]
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While there are always plenty of big books and authors from major publishers at BEA, in talking to frontline booksellers and librarians we found a lot of interest in books from smaller houses as well. Here we present a sampling of the books that especially caught the eyes of conventiongoers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-12 00:00:00 UTC ]
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‘Unstuffed,’ a Christian take on the decluttering craze, broke the top five in Religion Nonfiction. Plus, Wanda Brunstetter’s Amish Millionaire series tops the Fiction list once again with the latest installment, ‘The Stubborn Father.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-11 00:00:00 UTC ]
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Jeff Bezos has sold 1% of his stake in Amazon - which is just over a million shares, at a value of $671m (£465.2m) - the New York Post has reported. Continue reading at The Bookseller
[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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Helped by a strong performance in its cloud services group, Amazon reported an operating profit of $1.1 billion in the first quarter ended March 31, 2016 compared to $255 million in the 2015 first quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-28 00:00:00 UTC ]
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