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.

  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

  3. 3
    dai unlucky says:

    bring back tom champagne – & where’s my prize?

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

  5. 5
    Alzheimers says:

    Didn’t Jon Moulton used to advertise Everest windows?

  6. 6
    Stick this one on the front bench says:

    Wot…work placements in the HoP?

  7. 7
    Occam's Razor says:

  8. 8
  9. 9
    Crap says:

    Not as open as Mark Oaten though.

  10. 10
    Mornington Crescent says:

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

  11. 11
    Casual Observer 7 says:

    Has Owen started to shave yet ?

  12. 12
    Mitch says:

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

  13. 13
    Luciana Hamburger says:

    You’ve got it the wrong way round. Obama is America’s Chuka.

  14. 14
    Flooded Householder says:

    He’d be more my hero if he got the Thames out of my front room.

  15. 15
    Tory HR Dept says:

    Sssh don’t use work, you’ve been told.

    Servitude placements sound much better and mean you don’t have to pay.

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

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

  17. 17
    Mitch says:

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

  18. 18
    Mornington Crescent (openly heterosexual) says:

    What is it with homosexualists? No, really – what? Why do they have to bang on about their orientation?

    They’re the ones that need to “get over it”.

  19. 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

  20. 20
    Paniagua V5.1 says:

    But Chuka isn’t that young !

  21. 21
    Casual Observer 7 says:

    Commercially, not really clear.

    But from an intelligence gathering perspective, the data held by the owners of this app, and the subscriber base is priceless.

  22. 22
    Playmate of the Month says:

    MINDBLEACH

  23. 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

  24. 24
    Mitch says:

    The inventor has openly said he is strongly against that kind of thing, but everyone has his price, I guess.

  25. 25
    While the LibLabCon play spunky biscuit says:

    Vote UKIP.

  26. 26
    Harridan Harpic says:

    Do youngsters use it, and can they be GPS tracked?

  27. 27
    Ed (Too Fat must Fast for Flat Waistline) Balls says:

    Thought he was called Chin Smith?

  28. 28
    M102 says:

    Evil Evil b!tch.

  29. 29
    Ah! Chinese proverb says:

    If a better cake shop opens next door, buy them out before it’s crumbs for you.

  30. 30
    Orio says:

    Never heard of it. What’s Whatsapp?

  31. 31
    Mitch says:

    Internet-based free texting, basically. It’s good.

  32. 32
    I don't understand says:

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

  33. 33
    So in short. it is... says:

    email then.

  34. 34
    i don't need no doctor says:

    Why the fuck are George and Chuckup looking at the camera when there is a very nice young lady behind them. At their age I would have been like a rat up a drain pipe. Pair of fuckwits

  35. 35
    Throg says:

    Only his palms

  36. 36
    Geraldo says:

    No, he hasn’t even got out of bed.

  37. 37
    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.

  38. 38
    The Kids says:

    Come on; we want it quick.

  39. 39
    Geraldo says:

    God put his head on upside-down.

  40. 40
    Axe The Telly Tax & Religion & Kill All Eco-loons says:

    That young Gove lookalike will be drawing his old age pension before the next Labour PM is elected.

  41. 41
    Geraldo says:

    The character | when used in coding indicates “or”.
    :-)

  42. 42
    tn03 says:

    Thompson’s a well known k’osher a’rse l’icker.

    He is the establishment mouth piece.

  43. 43
    Bemused says:

    It’s iTie but it’s not actually Italian.

  44. 44
  45. 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.

  46. 46
    Axe The Telly Tax & Religion & Kill All Eco-loons says:

    This is perfect for a clown like Ed Balls :-)

  47. 47
    EU Funded Pro-EU Troll says:

    Vote UKIP

  48. 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

  49. 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.

  50. 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.

  51. 51
    broderick crawford says:

    who s the disabled one of the two ?

  52. 52
    broderick crawford says:

    wot …. is his name chukka hussein obama then ??

  53. 53
    broderick crawford says:

    has he reached puberty yet ?

  54. 54
    broderick crawford says:

    who d want to stick their tongue down those jowels ???

  55. 55
    Johnny morris says:

    Owen likes the attention, just like those monkeys in zoos displaying their asses to the viewing public.

  56. 56
    hic says:

    Gin Smith.

  57. 57
    Ted Moult says:

    No.

  58. 58
    Jack Ketch says:

    I wonder if someone, somewhere has a HUGE file that has aided their careers?

  59. 59
    Marx & Spencer of highgate cemetery says:

    I’m a 66 year old youngster and I use it every week.

  60. 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.

  61. 61
    Pope John XXII says:

    Old Bill dared to charge me with being hairy – at least, I think that’s what he said.

  62. 62
    I might be leaving from Montana soon says:

    A ‘get out of jail free’ file ?

  63. 63
    Gone with the Wind says:

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


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