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Michael Cader

Obituary: Richard E. Snyder

June 7, 2023
By Michael Cader

Former longtime CEO of Simon & Schuster from 1975 to 1994 Richard E. Snyder, 90, died at home in Los Angeles on June 6. During his tenure at S&S, the company grew to become the largest book publisher in the world for a time. His death was reported by his son, Matthew Snyder. The publisher said in a statement: “Dick Snyder led Simon & Schuster through some of its most storied and eventful years. He built Simon & Schuster into one of the largest and most influential publishing companies in the world, known for headline-making nonfiction, bestselling fiction and timeless […]

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Four Indigo Directors Resign; Reisman to Retire In August

June 7, 2023
By Michael Cader

Four of the directors at Canadian retailer Indigo have stepped down. One the four, Dr. Chika Stacy Oriuwa, “indicated that she was resigning as a director because of her loss of confidence in board leadership and because of mistreatment” according to the company’s press release. No reason was given for the resignations of Frank Clegg, Howard Grosfield, or Anne Marie O’Donovan, which leaves the company with seven directors. Additionally, controlling owner Heather Reisman announced that she will retire and step down as executive chair and a director as of August 22. “The time has come for me to retire from […]

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WME Acquires Ross Yoon Agency

June 2, 2023
By Michael Cader

Consolidation continues among the big representation agencies, as WME announced Friday morning their acquisition of Washington, DC-based literary agency Ross Yoon Agency. Ross Yoon’s president Gail Ross and principal Howard Yoon will join WME as partners. The office becomes WME’s first physical location in the DC region. “Gail and Howard set the gold standard of nonfiction representation,” head of WME’s book department Jay Mandel said in the announcement. “They have impeccable taste, unparalleled editorial chops, and an admirable sense of purpose about the authors they represent. Ross Yoon is the perfect complement to our book business, with a brilliant client base […]

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Trade Sales Fell 6.1 Percent In 2022, As Adult Fiction Rose to Become the Largest Segment

May 31, 2023
By Michael Cader

The AAP released their StatShot Annual Report for 2022 earlier than usual, once again providing a substantial collection of actual, directly-reported data, received from a modestly expanded pool of reporting publishers. Trade sales (starting with their default measure, which includes religious presses alongside trade) declined 6.1 percent to $9.33 billion—falling by $600 million—with 1.299 billion trade units sold in 2022, down 3.8 percent from 1.351 billion in 2021. (Religious presses alone comprised $697 million in 2022, compared to $747 million in 2021, making trade sales on their own $8.633 billion. And if you want to look at domestic sales alone, export […]

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Agency News: Bernstein to Take Over for Bergholz

May 26, 2023
By Michael Cader

Agent Susan Bergholz at Susan Bergholz Literary Services will retire as of June 1 and transfer control of her agency to Stuart Bernstein Representation for Artists. A number of Bergholz’s authors, including Julia Alvarez and Sandra Cisneros, had already begun working with Bernstein on new projects in recent years, and now control of their backlists will follow. Separately, “A number of authors who already have new representation will transfer backlist to those agents or take control themselves.” Bernstein said in the announcement, “Meeting Susan Bergholz helped me plan the direction of my life and shape my approach to working with […]

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ABA Continues to Add Members, With Slower Growth In Locations

May 25, 2023
By Michael Cader

The ABA reported through the AP that the booksellers’ organization added 173 members over the last year. The ABA now counts 2,185 bookstore members, operating 2,599 locations in all. Forty-six new stores added over the past year reported diverse ownership. That represents an increase of 175 members — yet they only grew by 52 locations. In calendar 2023, ABA ceo Allison Hill indicated book sales look to be “softer”, though the association added 56 member stores so far, and with 18 stores closing. Separately, the ABA itself released an interesting statistic about online sales volume conducted through their Indie Commerce […]

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