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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After five years of writing, how did Emma Healey’s Elizabeth is Missing go on to become a bestseller? Amy Lankester-Owen finds out. Continue reading at The Bookseller
[ The Bookseller | 2016-03-03 00:00:00 UTC ]
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Up one spot from last week is the debut thriller by Fiona Barton, 'The Widow;' it topped the iBooks bestseller list for the week ended February 28. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-02 00:00:00 UTC ]
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Ahead of her appearance on March 7 in a Digital Book World practicum, Nielsen's Jo Henry talks about the new importance of knowing the target reader. The post Bringing the Reader Into Focus at DBW: Jo Henry on Your Consumer appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-03-01 00:00:00 UTC ]
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A flurry of new bookstores are opening; Minneapolis’s Once Upon a Crime is changing hands; and two Seattle stores, once projected to close, are keeping the lights on. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-01 00:00:00 UTC ]
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Three people were stabbed Saturday, one critically, after a small group of Ku Klux Klan members staging an anti-immigrant rally in Southern California clashed with a larger gathering of counter-protesters, police said. The violence erupted shortly after noon in Anaheim's Pearson Park, about 3... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-02-28 00:00:00 UTC ]
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Facebook co-founder Chris Hughes officially bails on his attempt to right the ship after putting the magazine up for sale in January. The post The New Republic Sold to Tin House’s Win McCormack appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-02-27 00:00:00 UTC ]
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Book titles which tie in with the game include Blockopedia, a bestseller in the children’s nonfiction category in 2015More than 2.5m copies of books spun-off from the Minecraft video game have now been sold across the UK, it has been revealed.The series of books, which launched in 2013 with four... Continue reading at The Guardian
[ The Guardian | 2016-02-19 00:00:00 UTC ]
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Publisher responds to challenge from the schools minister to provide schoolchildren with affordable access to great books From Solomon Northrup’s 19th-century memoir about his years in captivity, Twelve Years a Slave, to classic novels such as Gulliver’s Travels and Madame Bovary, schools... Continue reading at The Guardian
[ The Guardian | 2016-02-15 00:00:00 UTC ]
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Authors and critics are warning that Middle Grade children’s books, for readers aged eight to 12 years, are failing to get the attention they merit from the media and book prize organisers because of the dominance of Young Adult titles. Continue reading at The Bookseller
[ The Bookseller | 2016-02-15 00:00:00 UTC ]
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This year marks the diamond anniversary of Avon Books' operation in the market, although it has been focused on romance for 44 of its 75 years. Today, it's HarperCollins' Avon Books. The post History and Historicals: At 75, Avon Romances the Readers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-02-08 00:00:00 UTC ]
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Who said that dedicated e-readers were dead? Certainly not Amazon. It's rolling out a major Kindle reader update that breathes new life into your e-paper experience. The most conspicuous improvement is a brand new home screen that highlights your... Continue reading at Engadget
[ Engadget | 2016-02-03 00:00:00 UTC ]
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In Nick Drnaso’s uncomfortable, fascinating book of cartoon short stories Beverly, a family’s vacation goes south when their son, harboring disturbing fantasies, finally acts on one. A new employee accidentally betrays the only guy on the team who actually cares about the job. A young woman... Continue reading at Slate
[ Slate | 2016-02-03 00:00:00 UTC ]
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Penguin is publishing a follow-up to Susan Cain's Quiet: The Power of Introverts in a World that Can't Stop Talking, which will take its message to younger readers. Continue reading at The Bookseller
[ The Bookseller | 2016-01-30 00:00:00 UTC ]
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‘The Power of Broke’ by FUBU founder and ‘Shark Tank’ costar debuts at #4 in Hardcover Nonfiction. Plus this year’s Newbery winner makes its picture book list debut, the movie tie-in edition of ‘The Choice’ nabs two of the overall top 10 spots, coloring books talk dirty, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-29 00:00:00 UTC ]
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Amazon’s 2015 revenue tops $100 billion and more in this week's publishing news briefs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-29 00:00:00 UTC ]
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This week: a fox named Pax, a new novel from Yann Martel, plus an anthology of modern Chinese literature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-29 00:00:00 UTC ]
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Carolrhoda Books nabs a debut novel by a screenwriter, Jennifer Alvarez re-ups at HC Children’s Books to continue her equine fantasy series, Bloomsbury gets into the Halo business, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-29 00:00:00 UTC ]
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Of Tesco's three ailing digital Blinkbox services, its ebook store appeared to be the only one that would go gently into that good night. Eventually, it did, while Blinkbox Movies found a new owner in TalkTalk (which finally got 'round to rebranding... Continue reading at Engadget
[ Engadget | 2016-01-25 00:00:00 UTC ]
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The American Booksellers Association and Civic Economics released a report on the devastating impact of online retailing on American communities in terms of lost state and local tax revenues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-25 00:00:00 UTC ]
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After years of writing about radicalization and terrorism in the Middle East, Arab authors are now in the spotlight in France as readers try to understand the recent Paris attacks. The post French Readers Put Arab Authors on the Bestseller List appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-01-19 00:00:00 UTC ]
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