B&N, Microsoft team up for digital biz

Barnes & Noble Inc. and Microsoft Corp. are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8.The companies said Monday that they are exploring separating those businesses entirely. That could mean a stock offering, sale, or other deal could happen.The deal gives Barnes & Noble ammunition to fend off shareholders who have agitated for a sale of the Nook business or the whole company. For Microsoft, it represents a move into the ebook business, which has been targeted by Amazon.com, Apple Inc. and Google Inc."Our complementary assets will accelerate e-reading innovation across a broad range of Windows devices, enabling people to not just read stories, but to be part of them. We're on the cusp of a revolution in reading," Andy Lees, president at Microsoft, said in a statement.The partnership with Microsoft will see the Redmond, Wash., company make a $300 million investment in the subsidiary for an approximately 17.6% stake. Barnes & Noble will own about 82.4% of the subsidiary, which has yet to be officially named.The companies said that the subsidiary will have an ongoing relationship with Barnes & Noble's retail stores, but what that relationship will be is unclear.Barnes & Noble, based in New York, currently runs 691 bookstores in 50 states. A representative for the company could not be immediately reached for comment.The... Continue reading at 'Crains New York'

[ Crains New York | 2012-04-30 00:00:00 UTC ]
News tagged with: #ebook readers #increasingly popular #paperback books #important parts #rapid growth #nook app

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HarperCollins' new digital imprint nets first adult title from Reekles

HarperCollins’ new digital division, One More Chapter, has snapped up the debut adult fiction title from bestselling YA author of The Kissing Booth, Beth Reekles.    Continue reading at The Bookseller

[ The Bookseller | 2019-07-25 16:36:10 UTC ]
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Bustle Digital Group Acquires Tech and Science Site Inverse

Bryan Goldberg is making additional moves in digital media. Goldberg's Bustle Digital Group has acquired Inverse, a tech- and science-focused website, the company said today. Financial details of the agreement were not disclosed. The acquisition represents yet another for Goldberg and BDG, which... Continue reading at AdWeek

[ AdWeek | 2019-07-23 17:51:26 UTC ]
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Should your Digital Content be ADA Accessible?

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[ Publishing Executive | 2019-07-19 15:07:09 UTC ]
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Pearson breaks from print with 'digital first' policy for US titles

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[ The Bookseller | 2019-07-15 14:01:34 UTC ]
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Procter & Gamble, a U.S. soccer sponsor, backs the women’s team's fight for equal pay: Monday Wake-Up Call

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[ Advertising Age | 2019-07-15 10:00:00 UTC ]
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Comma Press teams up with Northern Short Story Festival for prize

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[ The Bookseller | 2019-07-15 08:57:23 UTC ]
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Microsoft backtracks on plans to scrap free software licenses for partners

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[ Betanews | 2019-07-13 09:35:14 UTC ]
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[ Editor & Publisher | 2019-07-12 18:30:41 UTC ]
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[ Publishers Weekly | 2019-07-12 04:00:00 UTC ]
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[ Editor & Publisher | 2019-07-11 18:30:41 UTC ]
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Hearst’s latest digital subs foray is $100 per year exercise videos

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[ Digiday | 2019-07-11 04:01:02 UTC ]
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[ Publishers Weekly | 2019-07-09 04:00:00 UTC ]
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[ Publishers Weekly | 2019-07-05 04:00:00 UTC ]
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[ The Bookseller | 2019-07-01 08:13:35 UTC ]
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[ Publishers Weekly | 2019-07-01 04:00:00 UTC ]
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[ Wired | 2019-06-30 11:00:00 UTC ]
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[ Betanews | 2019-06-28 15:41:08 UTC ]
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[ Folio Magazine | 2019-06-27 16:31:12 UTC ]
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Ckbk launches digital book subscription service for professionals

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[ The Bookseller | 2019-06-24 05:59:01 UTC ]
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[ Publishing Executive | 2019-06-21 20:38:36 UTC ]
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