About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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Update re: Awkward Amazon Communications On Amazon/Hachette Business Interruption

As most of our readership has likely seen by now, on Tuesday afternoon the Amazon Books team put up another unsigned, closed to comment post (or what Barry Eisler would call a shameful "pointless, pernicious, promiscuous anonymity") on the Kindle Forum. The post is said to offer "specific information about Amazon's…

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Sales Slide At Harlequin, With Sale Now Expected Within Days

Harlequin's current parent company Torstar announced second quarter results on Wednesday morning, and the company said it now "anticipate[s] closing the transaction on or about August 1" to sell Harlequin to HarperCollins. They have "received the regulatory clearances and approvals required," and "while the transaction remains subject to certain customary…

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Amazon Resumes Negotiation By Forum Post

Amazon posted on their Kindle Forum about their negotiations with Hachette Book Group on Tuesday afternoon. While the company tells people in the trade when looking for "feedback" that they are looking for their fare share of the "business efficiencies" and profits created by the growing ebook market, their argument…

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Macmillan to Offer Frontlist eBooks to Libraries, At $60 Each

Macmillan is broadening their ebook library lending program to include frontlist ebooks for the first time. Last October they went from a modest pilot program to a full backlist offer of approximately 11,000 titles. With the expansion announced Wednesday, Macmillan will offer ebooks for lending the same day new books go…

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BookLamp Was Bought By Apple

The mystery of BookLamp's disappearance online has been solved: The company was purchased by Apple. The price was not disclosed, but a source tells Tech Crunch -- which reported the news on a tip and then obtained confirmation from Apple -- that the price was "higher than $10 million and…

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Pearson Steady During Restructuring; PRH "Performed Well"

Pearson reported sales for the first half of the year of £2.047, down 7 percent (but up 2 percent on currency neutral basis). Adjusted operating  profit was 75 million pounds, compared to 137 million pounds a year ago, reflecting bigger charges on their continuing restructuring charges (£43 million so far…

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Amazon Loses More Money Than Expected; Stock Suffers

Amazon's stock is down over 10 percent in early Friday trading (a decline of almost $40 a share) after reporting a larger than expected loss for their second quarter -- and forecasting bigger losses for the next quarter. Second quarter sales grew 23 percent to $19.34 billion, with an operating loss…

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John Ingram Invests In Mediander

Chairman and ceo of Ingram Content Group John Ingram has invested in Mike Fine's ambitious online "knowledge engine" startup Mediander.com, providing an "early-stage investment" through his personal investing vehicle, JRI Ventures LLC. According to the announcement, "the investment will be used to fund research and development, as well as technical,…

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Batman Beats Back Kindle Unlimited

Yes, you read that correctly. For the first day since we starting monitoring the effect on Kindle Unlimited titles on Amazon Kindle's So-Called Bestseller List, the number of KU titles on the top 100 declined modestly, now accounting for 38 titles. But Batman related books have stormed the list, taking…

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Scholastic Takes $21.4 Charge, Mostly on Storia, Which Will Switch to School Licensing Model

Scholastic reported fourth quarter and full fiscal year earnings on Thursday morning, with sales rising 8 percent to $549 million and operating income increasing more, at $48.6 million. The stock rose in early morning trading on the improved results and positive guidance for next year. But the company disclosed a…

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