About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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Houghton Takes $139 Million Charge In Another Bad Quarter

Houghton Mifflin Harcourt continued their string of disappointing results on Thursday morning, reporting poor fourth quarter earnings. Net sales of $242 million were down $56 million (or 19 percent) from a year ago. The continuing trouble at their legacy basal and supplemental education business helped lead to an operating loss…

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Kobo Plus eBook Subscription Service Launches In Holland and Belgium

Kobo has launched an ebook subscription service, called Kobo Plus, in Holland and Belgium, jointly created with their local partner, the online bookseller bol.com. Priced at €9.99 per month (with a one-month free trial), the services promises unlimited access to 16,000 titles in Dutch and over 40,000 titles in all,…

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Corporate: Adams Acquisition, Capstone Sells Digital Platform, and More

Simon & Schuster's parent company CBS filed their annual report with the SEC at the end of last week. While it does not directly state the purchase for Adams Media, acquired in the fourth quarter of 2016, a little arithmetic yields the answer: S&S paid approximately $42 million to purchase…

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Simon & Schuster Finishes with Declining Sales But Rising Profits

Sales at Simon & Schuster fell to $209 million in the fourth quarter, down $24 million compared a year ago. (In 2014, the company had sales of $215 million in the quarter.) CBS said in their release the decline reflected "a difficult comparison with the fourth quarter of 2015, which…

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People: HMH Names Jack Lynch As CEO, and More

Five months after firing Linda Zecher following a series of unexpected performance problems, the Houghton Mifflin Harcourt board has hired John (Jack) J. Lynch, Jr., 58, as president and chief executive officer. L. Gordon Crovitz will continue to serve as interim CEO until Lynch joins the company. Lynch will take over…

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New Philip Pullman Book of Dust Trilogy Begins In October

The first installment of Philip Pullman's THE BOOK OF DUST trilogy was announced for publication on October 19 in the US and UK by Penguin Random House. Knopf Children's announced a first printing of 500,000 copies, and David Fickling Books and Penguin Random House UK Children's will publishing in the…

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Amazon Plans Books Store for Bay Area's Walnut Creek, CA

Amazon confirmed to the East Bay Express that the company will open a Books store in Walnut Creek, CA's Broadway Plaza and is currently hiring employees for the location. Barnes & Noble closed their store across from Broadway Plaza a little over a year ago, after 21 years in that…

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Milo's DANGEROUS Is Officially Delayed to June 13

On Monday afternoon, controversial author Milo Yiannopoulos announced on Facebook that his book DANGEROUS, originally scheduled for publication on March 14, has been postponed to June 13. He writes, "I asked my publisher for more time to submit the manuscript for DANGEROUS so I could include material about the craziness…

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Next to Close: Samhain Publishing

Nearly a year ago ebook publisher Samhain Publishing had told authors via email that it was "beginning the process of winding down due to our market share's continuing decline" and "approaching the point where we cannot sustain our business." Christina Brashear had written, "I won't drag this out any longer than I…

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Harper Regains Some Ground In Second Quarter

News Corp. reported results for their fiscal second quarter ending December 31 on Thursday after the close of the market. They cited "meaningful revenues at HarperCollins" as the publisher's sales rebounded to $466 million (up $20 million from a year ago) and EBITDA of $75 million (up from $57 million a…

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