About Michael Cader

Michael Cader is the creator of Publishers Lunch and PublishersMarketplace.com
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Briefs: eBook Retailer Suit Rejected Again; Macmillan Learning Offers New Rental Options

Defunct ebook retailers BooksOnBoard and Diesel Books lost again in court, as the Second Circuit Court of Appeals affirmed a lower court ruling dismissing their lawsuit alleging that publishers' introduction of the agency model for ebook pricing put them out of business. The Appeals Court wrote: "Based on the undisputed…

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Finance: BN Education Sinks, More From Bertelsmann

The stock of Barnes & Noble Education was hit hard after their fourth quarter earnings report on Wednesday morning, falling over 20 percent to a new all-time low at the end of trading on Thursday, below $8 a share -- and still falling further in the first hour on Friday.…

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Easier Access

Following the rollout of our new PM News App, announced earlier this week, we have a few updates. Most importantly, we simplified the URL to access the app: just go https://m.publishersmarketplace.com. To answer a couple of frequent questions, adding the app's icon to your home screen depends on the mobile…

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People, Etc.

Lisa Bankoff has left ICM and established her own agency, Bankoff Collaborative. She says of the move: "I grew up at ICM and had the privilege of daily working alongside some of the brightest minds in this--or any--business. What I look forward to now is the wherewithal to operate outside of a…

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Raab and Futter to Start Division at Macmillan In September

Former Grand Central publisher Jamie Raab and former Grand Central editor-in-chief Deb Futter will join Macmillan on September 12 to start a new division, Celadon Books. Raab will be president and publisher and Futter will be senior vice president and co-publisher. The line expects to publish "a highly curated list…

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BN Education Up Modestly In Fourth Quarter

Barnes & Noble Education reported fiscal fourth quarter sales (through April), with new store openings and the MBS Textbook Exchange acquisition lifting sales modestly. Stores sales of $314 million were up $19 million with new stores and a 1.4 percent increase in same-store sales, and MBS added another $34 million…

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Pearson Settles for Selling 22 Percent of PRH for About $1 Billion

Rather than exit the Penguin Random House joint venture entirely, Pearson agreed to sell a 22 percent stake to majority owner Bertelsmann in a deal yielding $1.034 billion, as part of a recapitalization of the trade publisher, while retaining a 25 percent holding going forward. The deal gives PRH an…

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The PM News App

We are delighted to launch the PM News App, a new way for members to check the latest from Publishers Marketplace on your mobile devices. The PM News App provides easy access to all of our most frequently updated items -- starting with Publishers Lunch news posts and Automat links,…

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Milo Does File Suit Against Simon & Schuster for Breach of Contract

As promised and boasted, Milo Yiannopoulos filed suit against Simon & Schuster in New York Supreme Court on Friday, alleging "willful and opportunistic breach of its contract." He says in the filing that the publisher "wrongfully, and in bad faith, terminated the contract with Yiannopoulos in violation of its terms…

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Jackson Tops August Indie Next List

The ABA named Joshilyn Jackson's The Almost Sisters as the No. 1 Indie Next pick for August. The rest of the list, which includes 4 titles from our Buzz Books, features: The Readymade Thief, by Augustus Rose If the Creek Don't Rise, by Leah Weiss The Dark Net, by Benjamin Percy The Library…

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