About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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Corporate: Pearson Sells Family Education Network Sites, Harlequin Launches Audio

Pearson has sold their Family Education Network -- the group of websites for kids that includes Poptropica and Funbrain -- to UK-based private equity company Sandbox Partners for undisclosed terms. Founded last year, Sandbox is run by former president of Pearson English Bhav Singh. Pearson spokesperson Brendan O'Grady said the sale is…

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The BEA Party Planner

In keeping with our tradition, here is an overview of the known BEA after-hours celebrants and events so far. (If your event is not listed, that means you didn't let us know; send an e-mail and we'll update as appropriate. We have been adding events, now with almost 30 listings.)…

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BookBub Raises Another $7 Million for Growth; Vook Rebrands As Pronoun; Pandora Buys Next Big Sound/Book

BookBub announced that they recently closed another financing round of $7 million in equity and debt financing. The capital comes from the same investors who provided a $3.8 million round a year ago (led by NextView Ventures and Founder Collective, joined by Avalon Ventures and Bloomberg Beta). Co-founder Josh Schanker says in…

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Bloomsbury Edges Ahead

Bloomsbury reported results for their fiscal year ending February 28, rebounding from a weak first half to finish just above even: Sales of £111.1 million were up £1.6 million (due to acquisitions) and pre-tax profit nudged up by £100,000 to £9.6 million. The company adds that "since the year end, trading…

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Kindle Unlimited Pool Grows But Per Book Fee Stays In Range

Amazon provided their monthly discretionary boost to the KDP fund that tells self-published authors -- retroactively -- how much they will be paid for ebooks borrowed through Kindle Unlimited. For April accounting, the pool totals $9.8 million, the highest monthly amount yet. But the fee per book borrowed through KU…

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The Complete Buzz Books Honor Roll

Our latest free Buzz Books ebook samplers are off to a great start, with lots of downloads, active press and social media, and already dozens of enthusiastic reviews showing up online as people have come to eagerly await these seasonal editions. And it's no wonder once you have a look…

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The BEA Master Schedule, In One Place

As usual, for people who have trouble navigating the official BEA online listings, we have compiled our handy BEA Master Schedule. Posted as a shared Google spreadsheet, you can download it, print it, and sort/search it according to your needs. We have gathered all the posted events information and put…

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BEA Starts Here with Two New Buzz Books Collections

We let the AP and our selected authors and publishers take the lead in making the announcement of our release of the big new Publishers Lunch Buzz Books 2015: Fall/Winter and Fall/Winter Young Adult free ebook samplers. We first created Buzz Books three years to solve two problems: Curating and sharing…

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Paulson Will Pull More Money Out of HMH with Secondary Offering and Share Buyback

Houghton Mifflin Harcourt's largest shareholder John Paulson and his associated investment funds will be cashing out another couple of pieces of his investment. The recently announced $300 million in stock repurchases announced by the board apparently includes a deal to buy $150 million of stock directly from Paulson's companies. The price…

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People, Etc.

Philip Ruppel has joined Phaidon Press as chief operating officer. CEO Keith Fox says, "His proven track record of delivering growth through profitable innovation and enhanced digital offerings fits brilliantly with Phaidon's commitment to enhancing our brand as the world's premier fine arts publisher." Most recently he was president of McGraw-Hill Education's…

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