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Posts tagged Nook Media

Barnes & Noble Nook sales drop, but still staying in the game
August 20, 2013 | 8:18 pm

Barnes & NobleBarnes & Noble has released its latest earnings report for the 2014 first quarter. As expected, the company saw a drop in revenues for a total of 8.5 percent. B&N’s retail segment, which consists of the Barnes & Noble bookstores and BN.com businesses, saw a decrease of 9.9 percent to $1 billion in revenues for the quarter. However, the Nook division took a large loss, a drop of 20.2 percent from $192 million to $153 million compared to this time last year. B&N attributes that loss to lower sales on Nook devices than anticipated. After the last quarter, many reports focused on what...

Barnes & Noble’s UK sales strategy is working better than I expected
August 16, 2013 | 2:30 pm

Nook Simple TouchI'm often highly critical of Barnes & Noble. Part of the reason for that is due to the fact that because I love their hardware, I cringe when they make what appear to be stupid and short-sighted decisions. I also want at least one strong Amazon competitor. I don't think Amazon having the vast majority of the e-book market is a good thing. So a few months ago, when I saw Barnes & Noble had deeply discounted its Nooks in the UK, I cringed. Imagine my surprise when I read a recent Forbes blog post that seemed to show I had cringed...

William Lynch and His Reading Habits: Do onscreen readers really care about books?
July 29, 2013 | 1:45 pm

William LynchArit John has just run a highly negative piece on The Atlantic Wire about now-ex-CEO of Barnes & Noble William Lynch, based on Susan Berfield's reporting in Bloomberg Businessweek. And as you might judge from the title, "Barnes & Noble's Ex-CEO Might Still Have a Job If He Cared About Books," a main thrust of John's critique of Lynch is that he just didn't care about—or understand—books. Indeed, John implies that Lynch showed his lack of understanding and appreciation of books by preferring e-books to the genuine printed article. John cites Lynch's interview appearance on Bloomberg TV: "Lynch was asked what book...

Is The Sky Really Falling on NOOK Media?
July 19, 2013 | 12:02 pm

NOOKEditor's note: The following opinion piece, written by former Book Business editor-in-chief Brian Howard, originally appeared on the Book Business website back on June 26. The subject this piece covers is, by now, relatively old news. But it's also a very well-written and smartly reasoned essay. And because this appears to have been the very last e-reading related bit of content produced by Brian before he left North American Publishing Co. for an editorial position with a different employer, we thought it only fitting to reproduce it here. We'll miss seeing you around the office, Brian. And we'll certainly miss reading...

UK Nook Simple Touch fire sale smoulders on
July 10, 2013 | 9:45 am

The news of Barnes & Noble sacking its CEO and discontinuing production of its Nook line of readers doesn't seem yet to have dented appetites for the devices, with enthusiasts scouring retailers and online shopping sites for remaining examples. Following a savage discounting round in the UK in May-June, the Nook Simple Touch has been one of the most sought-after items on the British hit list, retailing at around £29.00 ($43.20). Proclaims one poster on the MobileRead.com Forums: "1000 Nook STRs in UK Argos Warehouse for 32 pounds." Another replies: "Asda Direct have them stock with free delivery to a local store for £29 for...

William Lynch Steps Down as B&N CEO: What does it mean for the future of Nook Media?
July 9, 2013 | 12:14 pm

Considering William Lynch's history with the company, this news probably doesn't come as a huge surprise. Lynch oversaw the entire Nook line, including the E Ink Nook readers and the tablet line. Considering that B&N is abandoning tablet development and focusing just on the Nook line, Lynch's legacy with the company can hardly be said to be successful. I did a bit of research on Lynch, and, according to Wikipedia, From 2000-2004, Lynch was Vice President and General Manager, eCommerce, for Palm Inc., where he oversaw Palm’s Web properties, including: Palm.com, the Palm Online Store, the Palm Software Connection and the Palm.Net wireless...

Morning Roundup: Barnes & Noble CEO William Lynch Resigns, and more
July 9, 2013 | 10:56 am

Barnes & Noble CEOBarnes & Noble CEO William Lynch Resigns (Paid Content) Barnes & Noble CEO William Lynch has resigned. Michael Huseby, who was the company’s CFO, takes over as CEO of Nook Media, while Mitchell Klipper remains CEO of retail. * * * Internet Archive Now Hosts 4.4. Million eBooks, Sees 15 Million Downloaded Each Month (The Digital Reader) The Internet Archive is one of the largest repositories of free information online, but it wasn’t until yesterday that I realized just how large their operations really were. * * * What Happens When the Marginal Cost of Information is no Longer Zero? (The Scholarly Kitchen) One of the axioms of...

Weekend Roundup: Royal librarian wanted to look after Queen’s 125,000 titles
July 6, 2013 | 11:35 am

Weekend RoundupWanted: Royal Librarian to Look After the Queen's 125,000 Titles (InfoDocket) The Royal Collection is advertising for a librarian to run the Royal Library at Windsor Castle for £53,000 per year. * * * Sony Launches New Affiliate Program for E-Books (Good e-Reader) Sony has officially announced its first ever ebook affiliate program that will give people a chance to make money on digital sales. * * * 4 Reasons Barnes & Noble Failed the Nook (Babble) Another quarter, another huge loss for Barnes and Noble, Inc. This time it is in the tune of 118.6 million dollars. * * * Modern life means children miss out on the pleasures...

Morning Roundup: Cartoon Rejection Rates at the New Yorker
July 2, 2013 | 9:00 am

Morning RoundupCartoon Rejection Rates at the New Yorker (GalleyCat) How many times have you been rejected? The average cartoonist who works with The New Yorker magazine could get rejected up to 15 times every single week. * * * Scholastic Tips for Encouraging Summer Reading (Good e-Reader) While it’s tempting to think of the time off from school as a time to relax the rules a little bit, at least where academics are concerned, studies have shown that students who do not spend time reading during the summer months actually return to school having lost significant ability on comprehension and vocabulary tests, whereas students who...

Morning Roundup: 15-year-old lands book deal for memoir
June 26, 2013 | 10:12 am

Morning RoundupAmazon Editors Announce Best Books List (Good e-Reader) Just as digital publishing has done wonders to speed up the time to publication for books, the internet age has also sped up the process of book discovery and accolades. Amazon editors announced yesterday its 2013 Best Books of the Year So Far list, pointing to titles that had made headlines in the first half of the year. * * * What Barnes & Noble Should Do Next: Sell Nook, Go Private (Digital Book World) Following another earnings report exhibiting the same pattern, it’s clear now what Barnes & Noble should do now that it’s backing...

Barnes & Noble has restored Nook for PC and Mac
June 19, 2013 | 3:16 pm

Barnes & NobleEarlier this month, I reported that Barnes & Noble had removed the install files for Nook for PC and Mac. Well, now they're back. Although Barnes & Noble has said they aren't supporting the apps anymore, something made them decide to make them available again. Hue and cry, perhaps? Without an actual Nook, it's difficult to read Nook books without the apps. Although there is a Nook for Web, lots of books are not viewable through it. My guess is that enough readers protested the loss of access to their books that B&N felt they had to respond by putting the apps...

Rumor: Microsoft Considering Buying Nook Media
May 9, 2013 | 10:15 am

TechCruch had a story on this yesterday. They have obtained some internal documents discussing the proposed deal, with Microsoft reportedly offering $1 billion for Nook Media. I agree with Nate over at The Digital Reader that this sounds plausible. Microsoft has been working with Barnes & Noble since April of last year on Nook devices and content. Last year, they offered $300 million, much of which was aimed at developing content for Windows 8 devices. There was even speculation at the time that the next Nook would be Windows powered. Obviously that hasn't happened, and now it looks unlikely. Apparently the documents...

Barnes & Noble to sell Bluetooth Nook speaker
March 1, 2013 | 10:28 am

Engadget recently reported on a Nook Bluetooth speaker making its way through the FCC. Considering all the rumors and other news about Barnes & Noble lately, it’s nice to see that the Nook line isn’t being ignored. However, we’ll have to see about pricing. Bluetooth speakers are common. For B&N to sell these in any quantity, there’d better be either an awesome feature or a super price. There is a blank listing on the B&N site, with no pricing or availability information yet.  ...

Morning Links — Layoffs coming soon to Nook Media?
March 1, 2013 | 9:07 am

NookNook: Cost Cutting Coming (Digital Book World) New Service Offers Watermark DRM to Indie eBookstores (The Digital Reader) The Publishing Industry Has a Problem; ePub is not the Solution (TOC) 'Trusted Friend' is Top Book Discovery Tool (Galley Cat) Kindle Daily Deals: The Collected by Brett Battles (and 3 others)  ...

Barnes & Noble Posts Losses, Still Committed to Nook
February 28, 2013 | 11:11 am

Nook MediaWe've known the numbers were coming, and Barnes & Noble released its third quarter earnings today. A few items of interest: Third quarter consolidated revenues were $2.2 billion, a decrease of 8.8% as compared to the prior year. Third quarter consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) were $55 million, as compared to $150 million a year ago. Third quarter consolidated net losses were $6.1 million, as compared to net earnings of $52 million a year ago. Those are some pretty impressive numbers. Losses of $6.1 million compared to net earnings of $52 million a year earlier. B&N did attribute much of...

Is Barnes & Noble splitting from Nook Media?
February 25, 2013 | 10:26 am

Barnes & Noble Lots of rumors were flying last night about a split of Barnes & Noble. It's now been confirmed through an SEC filing that Len Riggio, current CEO of B&N, wants to buy the retail stores and BN.com. Nook Media and the college bookstores will remain a separate entity under current corporate leadership; Riggio doesn't want 'em. I can't imagine that this will end well. Many of the college bookstores are also retail stores (like the one at my son's college, Virginia Commonwealth University). Will there be separate retail terms for each entity? If so, that would be horribly inefficient. And how will...

Financial Journalists Weigh in on the B&N Nook
December 31, 2012 | 2:48 pm

New York Stock Exchange Barnes & Noble NOOK Media division PearsonWe aren't normally in the business of sharing stock picks here at TeleRead. But for the past three days, one of the biggest stories on the e-reading beat has been the news that Pearson—the British educational media company that owns the Financial Times and the Penguin Group—just invested $89.5 million in Barnes & Noble's Nook Media division, equalling a five percent equity stake. Business publications and financial journalists, of course, have responded en masse by sharing their own opinions about which companies in the e-reading space are headed for greatness, and which ones may have taken too many financial missteps already. As a...

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