About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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BEA Challenges Start-Ups In New Contest

This year's BEA is featuring a "Book Expo Challenge" contest focused on start-ups that's a hybrid of floor display space and a chance at two prizes. For $599 registrants/contestants get a table and two chairs in a little "Startup Alley" section of the trade show floor (inside the Digital Discovery…

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WME Details IMG Cost Cuts for Lenders

Sports Business Journal and The Wrap both obtained financial documents prepared in connection with William Morris Endeavor's debt offerings, lining up financing for their acquisition of IMG. The transaction is due to close May 1, though the two sources disagree on the actual price (between $2.375 billion and $2.45 billion).…

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People: Boudreaux Gets Imprint At Little, Brown

Ecco editorial director Lee Boudreaux will move to Little, Brown as of September 2, where she will be editorial director of an eponymous imprint, aiming to publish 8 to 10 titles a year. Publisher Reagan Arthur says in the announcement: "Lee is one of the most respected editors in the…

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Corporate: A Wiley Acquisition; and Job Cuts At RH Children's UK and Weltbild

Wiley announced another sizable acquisition, agreeing to pay $175 million in cash to purchase French-based learning solutions provider CrossKnowledge, which focuses on leadership and managerial skills development. The deal is expected to close on May 1. Wiley has been investing heavily in their professional development division, and acquired a related…

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Tartt Wins Pulitzer

The Pulitzer Prizes were announced Monday afternoon. The winners in the book categories are: Fiction: The Goldfinch, by Donna Tartt (Little, Brown) History: The Internal Enemy: Slavery and War in Virginia, 1772-1832, by Alan Taylor (W.W. Norton) Biography: Margaret Fuller: A New American Life, by Megan Marshall (Houghton Mifflin Harcourt)…

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Authors Guild Challenges Google Fair Use Ruling In Appeal

Last week the Authors Guild formally detailed their appeal of Judge Denny Chin's November 14, 2013 summary judgment motion in favor of Google, finding that the web giant's library book-scanning project was protected as "fair use." The Guild says that the District Court applied "an unprecedented, expansive and erroneous interpretation…

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Forthcoming: Geithner's Tour Guests, and A New Eggers

Crown announced former Treasury Secretary Timothy Geithner's book tour for STRESS TEST for May, featuring well-known "moderators" at many of his appearances. Notably, they include former Federal Reserve chairman Ben Bernanke (in Washington, DC) and former Treasury Secretary Hank Paulson (in Chicago). Other moderators include Pulitzer–winning author Liaquat Ahamed, Jim…

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Bezos's Annual Letter Includes Celebration of Kindle, Amazon Publishing and Audible

This year's annual letter to shareholders from Amazon ceo Jeff Bezos provides a tour of a "small subset of...initiatives" at the company. "Readers & Authors" is the second item, after a celebration of Prime: "We're investing heavily on behalf of readers. The all-new, high-resolution, high-contrast Kindle Paperwhite launched to rave…

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Simply, Liberty Media Took the Money

Liberty Media filed their required disclosure with the SEC subsequent to their previously announced sale of 91 percent of their preferred shares in Barnes & Noble to "qualified institutional investors." Their motives are pretty clear from the filing: Liberty received $250.7 million for the shares, after investing $204 million in…

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Wattpad Takes $46 Million It Doesn't Need Yet; PRH UK Announces Reader Bookshelves; New eBook Courses and Certificates

Wattpad announced in a press release that it has raised $46 million in Series C funding, led by OMERS Ventures with participation from August Capital, Raine Ventures, and Northleaf Venture Catalyst Fund. Wattpad's existing investors also participated in the round. The company will use the funds to expand their staff…

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