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Posts tagged Barnes & Noble

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...

Morning Roundup: Nook has lost lots of money. Amazon, please unmute the Kindle Paperwhite
February 25, 2014 | 8:13 am

Nook has lost lots of moneyBarnes & Noble Has Lost Over 1 Billion Dollars on Nook (GoodeReader) Barnes and Noble is quite transparent when it comes to their financial earnings and hold nothing back from investor calls and their reporting. *** Adaptive, Attractive, Interactive: A New Chapter for Digital Textbooks (Futurebook) With more and more educational institutes incorporating BYOD (bring your own device) schemes, education has come a long way from the slate tablet to the digital tablet. *** Amazon, Please Unmute the Kindle (The Digital Reader) A solution would be easy. Just give the Paperwhite text to speech. You don’t need a lab full of MIT Ph.D.s, or even one such...

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...

What will I do with my Nook Simple Touch now?
February 19, 2014 | 10:25 am

nook simple touchI wonder if my Nook Simple Touch will become a collector’s item. Most likely, it will just be exactly what it is now – a gadget collecting dust with the battery killed off long ago. I haven’t used my NST in months, maybe even a year. So, it was not surprising when I read on The Digital Reader that Barnes & Noble discontinued the Nook Touch. I didn’t have any major issues with my NST, but once I got my Google Nexus 7 two summers ago, it became my little computer away from my laptop, including an e-reader, RSS reader, Candy Crusher, Facebook...

Quercus sale points to new wave of publishing M&A?
January 24, 2014 | 11:15 am

Many commentators took the announcement by Quercus Publishing plc that "it would be in the best interests of the Company's shareholders to seek potential offerors by means of a formal sale process" as an important early indicator of the strength of publishing industry disruption in 2014. After all, if the English publisher of Stieg Larsson's Millennium Trilogy can't make it in the new publishing era, who can? This immediately initiates at least one item of publishing M&A. As the formal notice states, "as a consequence of this announcement, an 'Offer Period' has commenced in respect of the Company in accordance with...

Morning Roundup: Barnes & Noble loses fourth senior manager, Crowdsourcing copyright law in Europe and more
January 21, 2014 | 9:00 am

barnes & NobleB&N’s Nook Division Loses Its 4th Senior Manager in Less Than a Month (The Digital Reader) Over the past few weeks no fewer than 4 members of the senior management at Nook Media, the Barnes & Noble ebook sub, have either left the company, been promoted, or announced that they have one foot out the door. *** Crowdsourcing Copyright Law in Europe (The Scholarly Kitchen) The European Commission is inviting all comers–from both inside and outside of the EU Single Market–to engage in a public consultation as part of the Commission’s review of European Union copyright rules. *** British University Accepts Course Fees in Bitcoin (GigaOM) The...

Why doesn’t Smashwords buy Nook?
January 13, 2014 | 4:37 pm

SmashwordsThis piece was prompted by a post on Eoin Purcell's blog, entitled "Some Thoughts on B&N's Nook Problem," and breaking down the fairly abysmal news from Barnes & Noble's Nook segment, which saw a 60.5 percent fall year-on-year at $125 million "for the nine-week holiday period," digital content sales falling 27.3 percent and devices and accessories 66.7 percent. "The big question for B&N is whether there is a profitable ebook and digital content business to be pulled from the mess of Nook," Purcell concludes. "For too long, the digital content side of the business has been a slave to the device side."...

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...

Morning Roundup: Are You a Gadget Hoarder, How Can B&N Compete in 2014 and Beyond
December 23, 2013 | 9:00 am

gadget hoarderAre You a Gadget Hoarder? (CBS Miami) Most people like getting their hands on the latest and newest technology, but for some, letting go of the old is hard to do. *** How Can Barnes & Noble Compete in 2014 and Beyond? (Dear Author) As we look toward 2014, the major question to be answered is the future of Barnes & Noble. If you think that the publishing world would be just fine without Barnes & Noble, you’d be wrong. *** Ten Bold Predictions for Ebooks and Digital Publishing in 2014 (DBW) It’s been another exciting year for the publishing industry – perhaps the most dynamic in...

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...