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 ]
News tagged with:
#late 1980s
#biggest shareholder
#early 1960s
#global circulation
Bestseller lists of recent years have shown that our interest in the tales of the ancient Greeks is still going strong after three millennia, and even experiencing a renaissance. This is a testament, I think, to the timelessness of their content: the deeply human passions and agonies that they... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-24 09:52:27 UTC ]
More news stories like this | News stories tagged with:
#modern readers
#bestseller lists
"I hope you like calendars that you never understand" and "Dull soup": can you match the sci-fi novel to its 1-star reviews? Continue reading at Book Riot
[ Book Riot | 2023-02-21 11:37:00 UTC ]
More news stories like this | News stories tagged with:
#1-star reviews
#book based
A photo essay celebrating the versatility of public libraries prompted an outpouring of enthusiasm from card-carrying book lovers. Continue reading at The New York Times
[ The New York Times | 2023-02-19 10:00:09 UTC ]
More news stories like this | News stories tagged with:
#public libraries
Starting this spring, Cameron Kids will publish Pulitzer Prize-nominated reporter Sarah Maslin Nir's Once Upon a Horse series for middle grade readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#young readers
With all of its operating groups reporting sales gains, revenue and profits hit record levels in 2022 at Simon & Schuster. CEO Jonathan Karp called the year "stratospheric." Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#simon schuster
Almost a week after being hit with an apparent cyberattack, book retailer Indigo's website is still offline, leaving customers with more questions than answers. Continue reading at CBC
[ CBC | 2023-02-14 18:13:31 UTC ]
More news stories like this | News stories tagged with:
#apparent cyberattack
#book retailer
Geetanjali Shree’s prizewinning novel “Tomb of Sand” pushed the boundaries of experimental writing in Hindi and spotlighted the wealth of Indian literature in languages other than English. Continue reading at The New York Times
[ The New York Times | 2023-02-11 10:00:17 UTC ]
More news stories like this | News stories tagged with:
#geetanjali shree
#indian literature
Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to weakness in its news and digital real... Continue reading at The Guardian
[ The Guardian | 2023-02-09 22:30:39 UTC ]
More news stories like this | News stories tagged with:
#marketing spend
#york post
#major publishing
#news corp
Yesterday morning, The Washington Post’s Ron Charles published a summary of “what readers hate most in books“—the result, Charles tells us, of asking the readers of the Post’s Book Club newsletter to write in with their pet peeves. “The responses were a tsunami of bile,” Charles writes.... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-09 16:26:13 UTC ]
More news stories like this | News stories tagged with:
#readers hate
#yesterday morning
#pet peeves
#book lovers
#book club
Proverbs 31 Ministry president and bestselling author Lysa TerKeurst takes #1 in Religion Nonfiction with her latest release, ‘Good Boundaries and Goodbyes.’ Francine Rivers maintains the top perch in Religion Fiction from last month with ‘Redeeming Love.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-08 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#redeeming love
#remains #1
#religion nonfiction
#latest release
#good boundaries
#religion fiction
#bestselling author
Agent Jeffrey Hermann argues that changing a book based on a sensitivity read can make it less authentic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#sensitivity readers
#book based
Unlike Kindles, Kobo e-readers don’t have generic screensavers appear on screen when in standby mode. Not by default. Even on more premium models like the Kobo Libra 2 and Kobo Sage, your only options are your current book’s cover or a blank screen that says “Sleeping.” Fortunately, if... Continue reading at PC World
[ PC World | 2023-01-27 17:00:00 UTC ]
More news stories like this | News stories tagged with:
#free program
#book covers
#current read
#book cover
We spoke with four educators about the ways they help turn reluctant readers into readers—and, hopefully, lifelong readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-23 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#lifelong readers
Amazon is selling the 2022 Kindle Kids at a discount for the first time since it was released in September last year. The e-reader is currently on sale for $85 or $35 less than its retail price of $120. If your child wants a device with a bigger screen, though, the Kindle Paperwhite for Kids is... Continue reading at Engadget
[ Engadget | 2023-01-20 12:40:21 UTC ]
More news stories like this | News stories tagged with:
#year-long subscription
#buy kindle
#single charge
#night reading
#finally put
#6-inch display
#8-inch screen
#buying advice
#follow @engadgetdeals
#kindle
Views range from sympathy for the Sussexes in light of treatment by royals and tabloids, to regarding them as being ‘as entitled as the others’Prince Harry’s tell-all autobiography has become the UK’s fastest-selling nonfiction book ever. The memoir has been controversial, with Harry making... Continue reading at The Guardian
[ The Guardian | 2023-01-13 12:09:22 UTC ]
More news stories like this | News stories tagged with:
#prince harry
#royal family
#memoir
#nonfiction book
If you're reading Prince Harry's memoir 'Spare' and wondering what a biro is, here's a master list of the schools, nicknames and body parts you need to know. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-01-12 00:41:17 UTC ]
More news stories like this | News stories tagged with:
#memoir
Fox News host Harris Faulkner’s ‘Faith Still Moves Mountains’ remains in the #1 spot on PW’s Religion Nonfiction Bestsellers list for December; Francine Rivers takes three spots on Religion Fiction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-11 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#religion fiction
#moves mountains
##1 spot
Spare is already the UK’s top-selling title a day ahead of publication, with high-street retailers expecting sustained interest in the royal psychodramaPrince Harry’s Spare is currently the No 1 in the UK Amazon bestseller charts and among the biggest pre-order titles for high-street retailers,... Continue reading at The Guardian
[ The Guardian | 2023-01-09 17:46:20 UTC ]
More news stories like this | News stories tagged with:
#prince harry
#top-selling title
#day ahead
#high-street retailers
#official release
#marry camilla
#bestseller charts
#memoir
Her Denver bookstore, the Tattered Cover, was among the country’s best, and she often found herself in the midst of First Amendment fights. Continue reading at The New York Times
[ The New York Times | 2023-01-07 20:10:30 UTC ]
More news stories like this | News stories tagged with:
#joyce meskis
#tattered cover
#bookseller
Filippo Bernardini impersonated agents and publishers to obtain works from writers including Atwood, McEwan and RooneyAn Italian man has admitted to stealing more than 1,000 unpublished manuscripts, including from distinguished authors, solving a mystery that had puzzled the literary world for... Continue reading at The Guardian
[ The Guardian | 2023-01-07 10:51:29 UTC ]
More news stories like this | News stories tagged with:
#filippo bernardini
#pleaded guilty
#wire fraud
#literary world