Reader's Digest snapped up for just £1

Reader's Digest has been sold for just a quid. Once a stalwart of dentist waiting rooms up and down the land, the venerable magazine publisher now passes from one venture capital player - Jon Moulton, whose Better Capital paid £14m for it in 2010 - to another VC operator.

Its new owner snaps it up for less than the price of a posh packet of crisps. A good buy? %VIRTUAL-SkimlinksPromo%