February 20th, 2014

Whatsapp: £11 Billion, Reader’s Digest: £1

Facebook’s acquisition of the messaging app Whatsapp for £11 billion is not the only big buy of the day. Reader’s Digest, founded 92 years ago, published in 70 countries and formerly the biggest selling magazine in the world, has been sold for the grand sum of £1. Jon Moulton’s private equity firm Better Capital, which bought the magazine for £14 million in 2010, has handed ownership over to venture capitalist Mike Luckwell after deciding it “didn’t justify the time and effort for us”. Times they are a-changin’…


63 Comments

  1. 1
    Long John Silver's parrot says:

    Never mind.

    The losses are all tax deductible twice over.

    Like

  2. 2
    pippakin says:

    Reblogged this on Pippakins Other News. Or something and commented:
    Such a pity I liked Readers Digest. Often it was your only companion as you sat waiting nervously in the doctor, dentist or even solicitors waiting room

    Like

  3. 4
    Britains's Obama meets the New Michael Gove says:

    Like

  4. 5
    Alzheimers says:

    Didn’t Jon Moulton used to advertise Everest windows?

    Like

  5. 7
    Occam's Razor says:

    Like

  6. 8
    Mind your backs says:

    Like

  7. 10
    Mornington Crescent says:

    “Times they are a-changin’.” Indeed: Moulton’s losing his touch.

    Like

  8. 12
    Mitch says:

    Have you read the Reader’s Digest – they were robbed at £1!

    Like

  9. 16
    How do you know you aren't the insane one? says:

    ”Telegraph Must Act Against Its Online Nutters | Damian Thompson”

    Like

  10. 17
    Mitch says:

    WhatsApp is pretty nifty, but how is it worth £11bn????

    Like

  11. 19
    Harriet Harman says:

    We suggest that the term ‘indecent’ be qualified as follows: – A photograph or film shall not for this purpose be considered indecent (a) by reason only that the model is in a state of undress (whether complete or partial); (b) unless it is proved or is to be inferred from the photograph or film that the making of the photograph or film might reasonably be expected to have caused the model physical harm or pronounced psychological or emotional disorder.”

    It adds: “Our amendment places the onus of proof on the prosecution to show that the child was actually harmed.”

    http://www.telegraph.co.uk/news/politics/labour/4949555/Harriet-Harman-under-attack-over-bid-to-water-down-child-pornography-law.html

    Like

    • 27
      M102 says:

      Evil Evil b!tch.

      Like

      • 32
        I don't understand says:

        Strange that she wants to ban page 3 consenting adult models but promote naked children.

        Like

        • 60
          Osama the Nazarene says:

          She was the Legal Officer of the National Council for Civil Liberties (NCCL) when they claimed that “Childhood sexual experiences, willingly engaged in, with an adult result in no identifiable damage…”. The NCCL also supported PIE the Peadophile Information Exchange.

          Like

      • 36
        Bemused says:

        Gramscian Marxist attempting to create an army of p a e d o s to undermine capitalist society. It’s amazing what they will stoop to.

        Like

    • 49
      Humble Pie says:

      You can bet these three weren’t the only ones connected with this organisation.

      Liblabcon, skeletons and cupboards come to mind.

      But never mind liblabconers, maybe a UKIP councillor somewhere will make an un-PC comment about g@ys and take the heat off of you.

      Like

  12. 23
    Purple Tie Watch says:

    I will have to give up if the front benchers get these. Balls will be changing his to mimic his tempers.

    http://www.dailymail.co.uk/femail/article-2563765/Its-iTie-Mens-neckwear-change-pattern-touch-button.html

    Like

  13. 25
    While the LibLabCon play spunky biscuit says:

    Vote UKIP.

    Like

  14. 45
    God says:

    Earthquake in B’ristol just to let you know I am not pleased about M’irror politicising my message about food, gay marriage or Labour not atoning for their sins.

    Like

  15. 48
    Bloody, bloody modbot strikes again says:

    I see that ‘Which?’ boss Richard Lloyd was dragged onto the BBC again today to have another go at British Gas.

    Lloyd is Miliband’s favourite consumer champion and someone he want’s to bring into the state to interfere with the independent competition regulator. The BBC though forgot to tell us that Lloyd was a Labour staffer and one of his oppo’s, an adviser to Milipede.

    Miliband wants to use these stooges to get his hands round the throat of business, just as he want’s to get his people in place to regulate of the press.

    All very Gramscian…all very BBC…all very troubling

    Like

    • 50
      Axe The Telly Tax & Religion & Kill All Eco-loons says:

      Which is so last century only lefty wankers still use it. Anyone who really wants a good deal and to save money uses uswitch.

      Like

  16. 63
    Gone with the Wind says:

    I no longer have WhatsApp on my phone. I never had Readers Digest on my phone.

    Like


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Twitter is the Medium of the Political Establishment | Staggers


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Labour MP Austin Mitchell discusses female MPs on Newsnight:

“Are they more leadable? I don’t know, I think they probably are.”



Owen Jones says:

We also need Zil lanes.


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