The MacAdam/Cage Chapter 7 bankruptcy case has come to an abrupt end, due to the complete lack of assets. In a letter sent to creditors by the attorney assisting Northern California bankruptcy court trustee E. Lynn Schoenmann, the three-month-old bankruptcy (which we first reported on in January) is over as the trustee “determined that there are no realizable assets to be cost-effectively liquidated for creditors in this case and therefore the Debtor’s bankruptcy case is being closed.” The letter added that “because of the closing of the case and the numerous inquiries we have received, we will not be responding […]
Archives for April 2014
London Book Fair Dealmaking Preview
As usual, our deal reports continue to swell in advance of next week’s London Book Fair as primary deals are lined up and announced to spur further rights sales. We’ve already posted 191 deals since Monday, with more to come throughout the day. We will run our comprehensive evaluation of dealmaking trends in next Monday’s Publishers Lunch (and will try to post to PM over the weekend). For now, we offer the first two glimpses. For the five weeks prior to LBF, counting through the Friday before the show (except for this year), dealmaking volume is fairly steady year over […]
Doerr Tops May Indie Next List
Anthony Doerr’s ALL THE LIGHT WE CANNOT SEE (Scribner) is the #1 Indie Next List for May. The list also includes a number of our PL Spring/Summer Buzz Books, including Laline Paull’s debut novel THE BEES, Stacey D’Erasmo’s WONDERLAND, Greg Iles’ NATCHEZ BURNING, Evie Wyld’s ALL THE BIRDS, SINGING, and Joseph Boyden’s THE ORENDA, all of which you can preview right now in our free ebook. The rest of the Indie Next list includes: The Steady Running of the Hour: A Novel, by Justin Go The Serpent of Venice, by Christopher Moore Ruby, by Cynthia Bond Troika, by Adam Pelzman […]
People, Etc.
Mara Anastas has been promoted to vp, publisher of Aladdin and Simon Pulse, effective April 7. Previously deputy publisher, she succeeds Bethany Buck, who is leaving the company after more than six years as publisher. President of Simon & Schuster Children’s Jon Anderson said in a statement: “The drive and devotion Mara has shown in all her previous roles make her more than ready and entirely suited to take on this new responsibility. We look forward to Mara and the Aladdin Books and Simon Pulse teams building on their current successes.” He added: “Under Bethany, who has led Aladdin Books […]
Liberty Media Backs Away from Barnes & Noble
One-time Barnes & Noble financial savior (and potential acquirer) Liberty Media is moving on, announcing Thursday morning that it is selling the bulk of its preferred shares in the bookseller. Liberty says it “has sold the majority of its shares to qualified institutional buyers” with the sales expected to settle on April 8, while retaining “approximately 10 percent of its initial investment.” The announcement implies that Liberty’s reduced stake may allow for new strategic investors or even another run at taking the company private or splitting it into separate parts. Chairman Len Riggio is attributed in the press release with […]
People: Tamblyn Promoted, and More
Kobo chief content officer and member of the founding executive team Michael Tamblyn has been promoted to the additional title of president. In the expanded role, Tamblyn will have “responsibilities for sales, publisher and industry relations, content acquisition, and the merchandising experience across Kobo’s E Ink eReaders, Android tablets, and reading apps,” working with recently-appointed CEO Taka Aiki to “continue expanding on the company’s eReading service around the world, while driving the company’s success through sustainable and long-term profitable growth.” Penguin Random House announced a number of promotions in its newly unified Human Resources department, overseen by evp, chief human […]