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Barnes & Noble

Amazon vs. Hachette: Theories and opinions
May 14, 2014 | 5:30 pm

So, Amazon vs. Hachette. There’s a thing. One multibillion dollar company versus another in a contract negotiation, Amazon delaying availability of Hachette books, authors getting caught in the middle, and we’re supposed to root for the publisher because Amazon is, of course, evil. Right. Publishers Weekly has a pretty informative and more or less neutral article looking at the matter and putting it in perspective of the publishers’ antitrust settlement and subsequent renegotiation windows. Hachette will be the first of the publishers to get to renegotiate its contract with Apple, in October 2015, and undoubtedly Amazon wants to...

Jeremy Greenfield advocates Nook book sales for B&N salvation
March 29, 2014 | 4:25 pm

Digital Book World's Jeremy Greenfield has just penned a very interesting and thought-provoking article over on Forbes. As the answer to the great "what is going to happen to Nook?" question, he advocates that Barnes & Noble should build out the Nook Press self-publishing operation, B&N's answer to Kindle Direct Publishing, into a print book franchise. "Start selling self-published print books in Barnes & Noble stores," he urges. Arguing from the amount of shelf space that B&N already gives over to Nooks in its stores, Greenfield points out that: "the company owns Sterling Publishing, a New York-based publisher. On Nook’s dime,...

What if Amazon bought Barnes & Noble?
March 14, 2014 | 11:12 am

There’s a peculiar phenomenon by which year-old articles sometimes show up again in news aggregators and social network feeds that for some reason see the month and day part of the date and miss the year. (It’s gotten me in trouble before.) But today it brings up an interesting blog post I missed the first time around. And while a lot has changed since the post was written in March 2013, it still bears a little bit of thinking about: might or should Amazon buy the struggling Barnes & Noble? There’s been a lot of speculation...

Barnes & Noble to launch another Nook tablet?
February 26, 2014 | 9:55 am

launch another Nook tabletAnd just when we thought Barnes & Noble was safely on its way to the grave. Third quarter earnings were released today. (Thanks to Baekdal for tweeting the Gigaom article.) According to the press release: Third quarter consolidated revenues decreased 10.3%, to $2.0 billion, as compared to the prior year.  Third quarter consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased from $59 million a year ago to $173 million.  Prior year results were adversely impacted by $74 million of NOOK inventory-related charges.  The remaining year-over-year EBITDA increase was primarily attributable to lower NOOK expenses. Revenues were down but profit was up slightly, due...

Author Earnings III: The Barnes & Noble report
February 25, 2014 | 2:53 pm

howeychartHugh Howey and his stats guy have again crawled, this time looking at one day’s worth of Barnes & Noble sales data for the top 5,000 genre fiction Nook e-books.  They found a picture similar to their Amazon look, though a bit less skewed in favor of self-publishing. (Perhaps this is because B&N doesn’t have as good a self-publishing program as Amazon? Or because Amazon offers incentive to people to self-publish with Amazon exclusively so more of them do? Howey doesn’t speculate.) Even with this being said, indie-published titles make up over half of the top 5,000 titles, with...

G Asset Management B&N offer may be busted for lowballing
February 25, 2014 | 10:25 am

barnes & NobleAs readers of Chris Meadows's report in TeleRead will already know, investment group G Asset Management has offered to buy out Barnes & Noble for around $1.3 billion. Now an announcement indicates that a shareholder litigation suit has been launched against the directors of B&N by former SEC attorney Willie Briscoe and securities litigation firm Powers Taylor LLP for entertaining an offer at too low a price. "Barnes & Noble shareholders will receive just $22 in cash for each share of Barnes & Noble owned, which is below the 52-week high of $23.71 and well below at least one analyst’s estimated...

G Asset Management seeks to buy majority share of B&N, or B&N’s Nook subsidiary
February 21, 2014 | 4:19 pm

So what are we to make of this? An investment firm, G Asset Management, wants to buy 51% of Barnes & Noble in a deal working out to $22 per share. (Its current share price is $18.) This isn’t the first offer it’s made for the business, either. It offered $20 per share in November. If it can’t buy the whole thing, it wants to buy 51% of Barnes & Noble’s Nook business at $5 per share. The firm thinks that B&N should split its retail and Nook businesses. The interesting thing to me is that, if B&N were...

How to format .epub books to display properly on Nook
February 19, 2014 | 6:53 pm

NookDo you own a Nook (either tablet or eInk version)? Does it annoy you when you load an .epub to your Nook, and the paragraphs are block style (or even block indented style)? Want to learn to format .epub books to display properly on Nook? Read on. That's an actual Nook book, purchased through Barnes & Noble, and it bugs me. I like my paragraphs to be indented, with no spaces between them. Other .epub readers display books properly. It's just the Nook reader which adds the extra spaces. I decided to hunt around and see if there was an answer,...

Barnes & Noble names Nook division CEO Michael Huseby to overall CEO slot
January 8, 2014 | 2:20 pm

Barnes and Noble has just picked up a new overall CEO. Or at least a new-old one. Digital Book World and Publishers Weekly report that B&N has moved Michael Huseby, former CEO of the Nook division, into the top CEO spot left by William Lynch who vacated in July. Huseby said in a statement in the press release: My role, as I see it, is to enhance and unlock the value of these businesses for our shareholders. We are well-positioned in today’s dynamic reading and learning markets and confident in our ability to provide our customers...

Christmas Eve in a bookstore: How it used to be
December 24, 2013 | 12:58 pm

100326VaughnCarrie Vaughn, author of the Kitty Norville werewolf novels, has posted to her blog an amusing tale of the Christmas Eves she used to work in a bookstore, right after college. She explains that she actually loved working Christmas Eve, in spite of the conventional wisdom about holiday-season retail, because last-minute bookstore shoppers were generally very easy to please, and in miraculously helping them find exactly what she needed, she got to “[feel] like Wonder Woman.” Because bookstores are, for the most part, staffed by intelligent, well-read people who want nothing more than to foist vast...

Loss leading did not begin with Amazon
December 21, 2013 | 11:00 am

A bookseller slashes prices on bestsellers by as much as 40% over the publisher’s suggested retail price. It starts doing a brisk business, and as a result is able to stock more backlist titles that move more slowly. Competitors cry foul. Some go under. Publishers are driven out of business, or need to consolidate with other publishers to survive. Am I talking about Amazon, whose $9.99 e-books drove publishers into a conspiracy, or the recent consolidation of Random House and Penguin? Actually, no—I’m talking about Barnes & Noble in 1974. Futurebook is carrying an essay by Tim Coutis, from...

Barnes & Noble bookseller LiveJournal community offers candid, depressing look behind the scenes at B&N stores
December 19, 2013 | 7:31 pm

Over on The Passive Voice, I found a link to a LJ community where Barnes & Noble employees anonymously discuss their work lives. I’ve been reading through a few comment threads, and wow is it depressing. You would sort of expect Barnes & Nobles to be decent places to work, wouldn’t you? All the books, the surrounding of pure distillate of culture on every shelf. It’s not an “everything store” for cheap and shoddy goods like Wal-Mart, after all. Surely they pay their employees a decent wage and treat them decently, right? Right? …wrong. The comments...