About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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People, Etc.

Will Lippincott is leaving Lippincott Massie McQuilkin at the end of the year, writing that he is "eager to find new paths—in life, certainly, and in what I want to achieve professionally." He notes, "If there’s a through-line to my own narrative in publishing and media over twenty years it’s found…

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Redstones Tell CBS and Viacom to Consider Merging

The Redstone family's privately-held National Amusements, which controls nearly 80 percent of the voting shares in both CBS and Viacom, sent a letter Thursday morning to the boards of the two entertainment companies telling them "to consider a potential combination of the companies." First reported as forthcoming by Reuters on Wednesday afternoon, shares…

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People, Awards, Etc.

Grace Ross has joined Regal Hoffmann & Associates as agency assistant and junior agent. She was at the Denise Shannon Literary Agency. Claire McLaughlin has joined Little Bird as assistant publicist. Nobel Prize week starts October 3 and runs through October 10. The prize for literature is traditionally announced on…

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Forthcoming: Dan Brown's Next, in 2017, and More

Doubleday announced that they will publish Dan Brown's ORIGIN in a year, on September 26, 2017. (PRH's Transworld will publish in the UK, and Vintage Espanol will issue a US Spanish-language edition.) The current description indicates: "Brown interweaves codes, science, religion, history, art and architecture into this new novel. Origin thrusts Harvard symbologist…

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Amazon Bull: Stock Hits New High

On Thursday, Amazon's stock hit a new all-time high, closing above $800 a share for the first time. In the broader market sell-off early this year Amazon had traded as low as about $500 a share. For the year-to-date the stock is up about 19 percent, though the biggest movement was…

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Zecher Resigns As Houghton Mifflin Harcourt CEO

Five years after joining the company and leading it through its final restructuring and an IPO, Houghton Mifflin Harcourt ceo Linda Zecher has resigned -- apparently dismissed by a restless board. Current board member L. Gordon Crovitz will serve as interim ceo while a search is conducted for a new…

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Potter Play Drives Scholastic Gain

Scholastic reported sales for their fiscal first quarter, ending August 31, with the release of Harry Potter and the Cursed Child driving sales up to $283 million, compared to $191 million a year ago. Their traditional seasonal loss (since school was not in session) only declined modestly on the big…

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Donnelly to Split On October 1

RR Donnelley's board formally approved the final conditions of their imminent split into three separately-traded public companies. On October 1, current Donnelley shareholders (as of the record date of September 23) will receive one share of the new LSC Communications and one share of the new Donnelley Financial for every eight…

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People, Etc.: O'Leary to Head BISG

Following the abrupt departure of Mark Kuyper after less than a year with the organization, the Book Industry Study Group (BISG) has hired longtime consultant Brian O'Leary to serve as executive director, beginning October 3. BISG Chair Tara Catogge says in the announcement, "Over nearly two decades as a consultant, he has worked…

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Finally, First Quarter Statistics from the AAP

We've already had complete views on the first six months of 2016 from the publishers and retailers that report publicly, and now, almost six months after the fact, the AAP has issued their publisher-reported data for the month of March and the first quarter of the year. Per our detailed analysis…

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