book2book

  booktrade.info

Search Booktrade.info:  


Thursday 23rd October

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

B&N Plans to Split Retail and Nook

Posted at 2:24PM Wednesday 25 Jun 2014

In the fourth quarter ended May 3, consolidated revenue at Barnes & Noble rose 3.5%, to $1.3 billion, and the net loss was $36.7 million compared to a net loss of $114.8 million in the same period a year earlier. For the full year, consolidated revenue dropped 6.7%, to $6.4 billion, and the net loss was $47.3 million compared to a net loss of $157.8 million the previous year.

In major news, B&N's board approved the division of B&N Retail and Nook Media into two separate public companies, which it aims to complete early next year. B&N has hired Guggenheim Securities as financial advisers and Cravath, Swaine & Moore as legal counsel for the transaction.

theverge.com

shelf-awareness.com

internetretailer.com

PW

B&N Press Release




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Bloomsbury Adjusted Pre-tax Profits Fall
www.stockmarketwire.com

Turnover fell to £46.6m

Russell Brand Cancels His Book Launch Debate
www.independent.co.uk

Concerns about the make up of the panel

Nobel-effect On Modiano Sales
www.complete-review.com

Unsurprisingly, he got a nice boost in France

Augustpriset Shortlists Announced
translate.google.co.uk

They've announced the shortlists for the Augustpriset, one of the leading Swedish literary prizes

How The Overwhelmingly White Publishing Industry Hurts Black Writers
www.ebony.com

Publishing industry is 89 percent White

Amazon-S&S Deal Based on Kindle Authors' Terms?
www.shelf-awareness.com

Some commentators are hailing the deal as a return to Agency pricing, but I wonder if these are the same commentators who claim that self-published KDP authors employ Agency pricing?

Account Sign-In

Most Popular Stories

  1. Neal Street Productions To Adapt Enid Blyton's Magic Faraway Tree For The Big Screen
  2. Amazon Is Doing The World A Favor By Crushing Book Publishers
  3. Is Poppy Pym The New Harry Potter?
  4. Magic Faraway Tree Set For The Big Screen
  5. Russell Brand Cancels His Book Launch Debate
  6. Marc Andreessen Slams Paul Krugman's Attack On Amazon
  7. Liverpool University Press Announces New Contemporary Poetry List – Pavilion Poetry
  8. Amazon Signs Multi-year Deal With Simon & Schuster
  9. Amazon-S&S Deal Based on Kindle Authors' Terms?
  10. Agatha Christie Island And The Divisive Solar Plot