About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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Merger Negotiations, Italian Style

After a 10-hour meeting, the board of Italy's RCS Media Group provided a polite, positive but inconclusive step forward on Mondadori's bid to purchase RCS's book publishing division -- a process which began in February. The board "unanimously agreed to mandate the chief executive officer to proceed with the negotiations and the…

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New Monthly Bookseller Picks

Costco's Pennie's Pick for August is Paula McLain's just-published Circling the Sun. The book was also the ABA's August Indie Next No. 1 selection. Now the September Indie Next List is up, led by Bill Clegg's debut novel Did You Ever Have A Family. They add a belated selection for Ta-Nehisi Coates's already-published…

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Market Mulls Barnes & Noble Split

Barnes & Noble officially spins off Barnes & Noble Education as a separate, publicly-traded company next Monday, when we'll start to get a clearer view of how investors value the two distinct parts. The company itself declared BNED worth 38.7 percent of the whole -- since each BKS stockholder gets…

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For Now, Profits Rise On Lower Sales for Mondadori's Publishing

As Italy's Mondadori waits on today's board review of their offer to buy the book publishing operations of rival RCS, the company reported results for the first half of 2015. Book division sales of 123 million euros were down 4.3 percent compared to 128.5 million euros a year ago, but…

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eBooks: Kobo in Mexico, Amazon In NY Schools

Kobo is joining with Mexican publisher and retailer Libreria Porrúa (with almost 70 bookstores) and bookstore chain Gandhi (with close to 30 stores) to power a new ereading service for Mexican readers called Orbile. They plan to launch an ebookstore in September with a catalog that will include over 70,000 titles. Both Porrúa and…

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NEH Backs 36 Books By "Journalist-Historians"

The National Endowment for the Humanities has selected the first 36 recipients in their new Public Scholar program, which "supports well-researched books in the humanities conceived and written to reach a broad readership." The initiative awards 6- and 12-month grants, paying writers $4,200 a month (resulting in grants worth $25,200…

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People, Etc.

At Tarcher, Joanna Ng has been promoted to associate editor. For Tarcher & Pergiee, Tyler Fields is being promoted to publicity and marketing coordinator. Amanda Roser has joined bluebottlebiz as marketing and communications manager, based in Boston. Awards The Romance Writers of America named the winners of their RITA and Golden Heart awards in…

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Briefs: Another Pearson Sale, RCS to Meet on Mondadori Offer, and More

Following their big £844 million sale of the FT to Nikkei, Pearson acknowledged over the weekend that they are in talks with the co-owners of The Economist about selling their 50 percent stake in that organization as well. A Bloomberg source says that separate sale could yield another £400 million…

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Currency Lifts Pearson

Following their big news Thursday on the sale of the FT Group to Nikkei, Pearson reported half-year 2015 results on Friday morning. (Bloomberg gets detailed background on the FT sale process, and says that Nikkei's final bid -- £100 million more than Axel Springer's offer -- topped Pearson's own asking…

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Amazon Customers Receive A Little Extra In eBook Settlement Credits

Although the original ebook settlement credits funded by the five settling publishers expired this spring, on Thursday many Amazon customers were notified of new, additional small credits issued to their accounts in connection with those same settlements. As the notices indicate, "This credit is in addition to the credit that…

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