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 news stories related to: "B&N appoints former Cablevision exec as CFO"


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... Continue reading at Crains New York

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


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

Vic Perry, formerly of Jaguar Land Rover, has been appointed as the c.e.o. of the Book Trade Charity (BTBS), taking over from David Hicks when he retires on 31st March after 27 years. Continue reading at The Bookseller

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

Pearson has appointed Andy Bird, most recently president and chairman of Walt Disney International, to be Pearson's new chief executive. He will start on 19th October, subject to shareholder approval, with outgoing boss John Fallon remaining in the role until that date.  Continue reading at The Bookseller

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

[caption id="attachment_177771" align="alignright" width="150"] Jason Frierott[/caption] Meredith Corp. announced Thursday that it has hired Jason Frierott as its new VP and CFO, succeeding Joe Ceryanec, who had previously announced plans to retire in early 2020 after 12 years in the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-02-27 20:00:04 UTC ]
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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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Storytel Has Profitable Q2, Former Bonnier Exec Named CEO

Outgoing Storytel CEO Johannes Larcher touted a sales increase of 9% and operating profit of $4.4 million in its second quarter as "the best financial performance in the history of the company." Larcher's replacement, Bodil Ericsson Torp, starts on October 1. Continue reading at Publishers Weekly

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Words Without Borders Appoints Elisabeth Jaquette Executive Director

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'Mad Men' ad exec launches new campaign to win buyer for townhouse

Jerry Della Femina, an icon of the advertising industry whose memoir about Madison Avenue’s rollicking heyday provided fodder for the hit cable series Mad Men, has a new campaign: selling his home.Della Femina and his wife, former TV journalist Judy Licht, have put their Upper East Side... Continue reading at Crains New York

[ Crains New York | 2024-06-12 17:29:24 UTC ]
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Baker, Eerdmans Announce New Marketing Execs

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Alyssa Awe to Join Macmillan as Exec V-p of Biz Dev, Strategy

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[ Publishers Weekly | 2024-05-07 04:00:00 UTC ]
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Writers House Exec Al Araneo Dies at 53

Araneo, who worked at Penguin, Doubleday, and Bookspan before creating the contracts department at Writers House in 2006, was the literary agency's executive v-p and director of business affairs. He died of natural causes on May 4. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-07 04:00:00 UTC ]
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CAA Appoints Managing Directors, New Board Members

Chris Silbermann, whose clients include Dr. Seuss Enterprises, has been named one of nine managing directors at Creative Artists Agency, while motion picture literary department co-head Ida and literary agent Sloan Harris have joined the CAA board. Continue reading at Publishers Weekly

[ 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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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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Former News Corp and Daily Mail editor Luke McIlveen appointed executive editor of Nine newspapers

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Scholastic Names Haji Glover CFO; Ken Cleary Moves to International

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Hidden Pigeon Fills Out Exec Ranks

Hidden Pigeon Company, launched earlier this year to expand the reach of children’s book author Mo Willems’s portfolio, has named four new executives to its management team, including publishing veterans Carol Roeder and Jennifer Levine. Continue reading at Publishers Weekly

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