Publishers Lunch is the industry's "daily essential read," now shared with more than 40,000 publishing people every day. Each report gathers together stories from all over the web and print of interest to the professional trade book community, along with original reporting, plus a little perspective and the occasional wisecrack added in.

The full version, Publishers Lunch Deluxe, is e-mailed every business day to members of PublishersMarketplace.com. It contains 5 to 10 stories a links a day (or more), plus different standing weekly features (Bestseller Radar and The Most Reviewed).

Members can search a multi-year archive of previous Lunch newsletters, receive an optional nightly e-mail reporting 10 to 50 deal transactions a day, and use our proprietary databases, scripts, and posting privileges. Use our Registration page to sign up for a Marketplace account.

Kobo Cuts Over 60 Positions

Kobo is said to have cut over 60 jobs in their Toronto office, Good eReader reports. The company told them in a written statement: "To focus resources on innovation, partners, and readers, the leadership team has realigned the organization’s structure, which has also meant some staff reductions. As part of…

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Amazon Growth Continues in First Quarter On Slim Margins

Amazon reported first quarter sales after the close of the market on Thursday, with sales of $19.74 billion (up 23 percent) and net income of $108 million, or 23 cents a share, both almost exactly in line with analysts' admittedly low expectations. Shares were up nearly 4 percent during regular…

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Hodder Purchase of Quercus Moves Forward

Hachette UK's Hodder & Stoughton deal to acquire Quercus has become "unconditional," which essentially closes the deal as it heads towards closing. Quercus chief executive Mark Smith is leaving the company, but will serve as a consultant for an unspecified period of time. As noted in March, when H&S agreed…

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Authors, Etc.

The American Academy announced its 2014 class of new members, comprising 204 people from across the sciences, social sciences, humanities, arts, business, public affairs, and the nonprofit sector. In the literature section, they added Linda Gregerson, Amy Hempel, John Irving, Annie Proulx, Mary Jo Salter, and George Saunders. "Interclass" members include authors…

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Apple Outperforms In Quiet Quarter

Apple reported better than expected results for their fiscal second quarter on Wednesday afternoon, for the period ending March 29. Traditionally their quietest quarter, they still grew both sales ($45.6 billion) and net profit ($10.2 billion) in what ceo Tim Cook called "our strongest non-holiday quarter ever." In the areas we…

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World Book Night Day Is Here

World Book Night US reports that it has recruited more 29,000 givers to hand out 580,000 free books today. Aligned with Shakespeare's birthday, this year's efforts include distribution of thousands of free copies of Shakespeare's Sonnets to be distributed at schools, and seats at four Broadway plays in New York.…

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Researchers Document How Imposing Sales Tax Reduces Amazon's Sales

A research paper for the National Bureau of Economic Research prepared by three professors at Ohio State's Fisher College of Business documents the finding that when states adopt sales on online purchase, "households reduce Amazon exenditures by 9.5 percent." At least their direct Amazon purchases -- since at the same…

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People

Maria Ribas and Paul Lamb have joined the Howard Morhaim Literary agency as literary agents. Ribas was an associate editor at Adams Media and will continue to focus on cookbooks, self-help, health, diet, parenting, and humor. Lamb was most recently senior marketing manager at Viking, and will focus on representing…

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David Foster Wallace Trust Objects to Forthcoming Film

In a joint statement, the David Foster Wallace Trust, along with the late author's relatives and his publisher Little, Brown, indicated their disapproval of the movie-in-progress "The End of the Tour," based on David Lipsky's 2010 book ALTHOUGH OF COURSE YOU END UP BECOMING YOURSELF. The film, which stars Jason…

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People

Kensington publisher Laurie Parkin intends to retire on May 30 after 15 years in the position, and 30 years in publishing. Company ceo Steven Zacharius says: "Laurie's love of publishing and selling books has been a driving force behind Kensington's success during a period of immense change in the industry. Laurie's leadership,…

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