B&N appoints former Cablevision exec as CFO

(Bloomberg) - Barnes & Noble Inc. named former cable television executive Michael Huseby chief financial officer as the largest U.S. bookstore chain shifts toward becoming more of a technology company. Mr. Huseby, formerly chief financial officer at Cablevision Systems Corp., will oversee Barnes & Noble's capital structure and help boost its digital business, the New York-based company said Monday in a statement. Mr. Huseby replaces Joseph Lombardi, who resigned in October. Allen Lindstrom had been CFO on an interim basis. While Barnes & Noble operates about 700 retail locations and more than 600 college bookstores, its future growth lies in electronic books. The company started its digital business in 2009 by selling ebooks and releasing the Nook e-reader. The company projects the Nook business to generate $1.5 billion in sales in the fiscal year ending April 30, accounting for about 20% of its total revenue. The retailer sells the second most ebooks in the U.S. after Amazon.com Inc. Barnes & Noble has had to sacrifice profits by spending on developing devices, advertising and building boutiques in stores to showcase the Nook. It posted a net loss of $70.6 million in the 12 months through January. The losses and concern that the retailer won't be able to maintain spending to compete with Amazon and Apple Inc., which sells ebooks through devices such as the iPad, has weighed on shares. Barnes & Noble has declined 7.5% this year through March 9, when it... Continue reading at 'Crains New York'

[ Crains New York | 2012-03-12 00:00:00 UTC ]
News tagged with: #net loss #retailer won #52-week high

Other Publishing stories related to: 'B&N appoints former Cablevision exec as CFO'

B&N appoints former Cablevision exec as CFO

[ Crains New York | 2012-03-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #net loss #retailer won #52-week high

Sutton appointed chief exec at STM

The International Association for Scientific, Technical and Medical Publishers (STM) has appointed Dr Caroline Sutton as the organisation’s new chief executive officer. Continue reading at The Bookseller

[ The Bookseller | 2021-11-16 04:56:03 UTC ]
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Perry appointed Book Trade Charity chief exec

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[ The Bookseller | 2021-01-18 13:49:20 UTC ]
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Pearson appoints Walt Disney exec Andy Bird as c.e.o.

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[ The Bookseller | 2020-08-24 08:02:27 UTC ]
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Meredith Taps GE Exec for CFO Role | People on the Move

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[ Folio Magazine | 2020-02-27 20:00:04 UTC ]
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MediaMath Appoints Execs, Board Members as It Considers Next Steps

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Johnston Press appoints BBC exec to head up marketing

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[ Media Week | 2012-11-27 00:00:00 UTC ]
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Former Marvel Entertainment Exec Joins Martha Stewart Living Omnimedia as CFO

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[ Folio Magazine | 2011-09-07 00:00:00 UTC ]
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CAA Appoints Managing Directors, New Board Members

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[ Publishers Weekly | 2024-04-11 04:00:00 UTC ]
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ADWEEK Announces Chief of Staff Appointment, Plus Promotions Across Company

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[ AdWeek | 2024-03-27 21:00:35 UTC ]
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Marcus Leaver at Gemini Books Appoints Caulfield, Greenwood, Munnings

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[ Publishing Perspectives | 2024-02-27 20:59:05 UTC ]
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[ The Guardian | 2024-01-22 04:15:05 UTC ]
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Scholastic Names Haji Glover CFO; Ken Cleary Moves to International

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[ Publishing Perspectives | 2024-01-08 19:00:03 UTC ]
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[ Publishers Weekly | 2023-11-16 05:00:00 UTC ]
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Publishing execs express concern over generative AI’s impact on traffic and IP protections

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Marrying the craft of culture, marketing and technology serves as a true north for progress for brand execs attending Possible

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VideoAmp Hires Former Nickelodeon Exec as First CMO as Measurement Wars Continue

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[ AdWeek | 2023-03-09 17:32:38 UTC ]
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