Mobile Read has a couple of articles on the new debate of whether Amazon, rather than Barnes and Noble, should acquire Borders. William Ackman of Pershing Square Capital Management says aye (and Pershing has a 10% stake in Boders Group Inc) and Rich Aristotle Munarriz of the Motley Fool says nay. From a [...]
Steve Riggio, CEO of Barnes and Noble, stated today during BN’s first quarter conference call that Barnes and Noble is open to alternative solutions to deal with unsold books. Currently mass markets are stripped and thrown away with the covers being sent back to the publisher for credit. I’m not sure how trade [...]
Barnes and Noble reported a loss for the first quarter of $2.2 million which is a greater loss than last year’s first quarter returns which were down $1.67 million. Interestingly, part of the loss was from settlement monies paid as a result of a dispute regarding collection of taxes on online sales. Same [...]
Publisher’s Weekly has an article that “handicaps” the possible BN takeover of Borders. Before I talk about the article, I’ve heard that some agents and authors have been spreading some alarmist news that the takeover has already begun and that Borders employees are being laid off. Um, no. That is false. [...]
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