ENTRIES TAGGED "future of the bookstore"
B&N's dismal earnings call, fine-tuning paywalls, and German booksellers launch an ereader.
B&N, analysts respond to Nook losses
Headline news this week was the dismal Nook news from Barnes & Noble’s earnings call on Thursday. The news wasn’t unexpected — Leslie Kaufman reported at the New York Times on Sunday that B&N warned it expected “losses in its Nook Media division” and she quoted a source “familiar with Barnes & Noble’s strategy” as saying, “They are not completely getting out of the hardware business, but they are going to lean a lot more on the comprehensive digital catalog of content.” A B&N spokesperson assured John Cook at GeekWire, “To be clear, we have no plans to discontinue our award-winning line of Nook products.”
Cyrus Farivar reported at ArsTechnica that, on Monday, Leonard Riggio, B&N’s largest shareholder, offered to buy the company — minus the Nook and college bookstore divisions — and take it private, causing B&N’s stock price to rise 11% that day.