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 ]
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Hardback books benefitted the most from the uptick in trade book revenue, with 28.5-percent growth compared to November 2017. The post American Market StatShot Report: Double-Digit Trade Growth in November appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-16 00:00:00 UTC ]
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Hachette Children’s Group (HCG) has acquired a series about a character called Adventure Duck by Steve Cole, illustrated by Aleksei Bitskoff. Continue reading at The Bookseller
[ The Bookseller | 2019-01-11 00:00:00 UTC ]
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Penguin Random House has hired Lou Grosart and Ned Hartley as part of its Ladybird licensing team. Continue reading at The Bookseller
[ The Bookseller | 2019-01-11 00:00:00 UTC ]
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Bloomsbury Digital Resources has launched strategic sales partnerships with US publisher Rowman & Littlefield and Manchester University Press (MUP). Continue reading at The Bookseller
[ The Bookseller | 2019-01-08 00:00:00 UTC ]
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The past year saw only one megadeal in the publishing world—but plenty of strategic buys. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-21 00:00:00 UTC ]
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HQ has strengthened its marketing team, taking on Jennifer Breslin and Joanna Kite. Continue reading at The Bookseller
[ The Bookseller | 2018-12-20 00:00:00 UTC ]
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Union inroads into media have many observers predicting a better long-term future for beleaguered newsroom employees. The post Rise in union activity is clashing with digital publishing’s business struggles appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-12-17 00:00:00 UTC ]
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Eleanor Dryden, currently publishing director at Bonnier Zaffre, is joining Headline Review in April to head up its commercial fiction team. Continue reading at The Bookseller
[ The Bookseller | 2018-12-15 00:00:00 UTC ]
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In upholding a lower court ruling that ReDigi's attempt to create a service that could legally copy digital files for resale copyright infringement, the appeals court made the sale of used ebooks all the more unlikely. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-12 00:00:00 UTC ]
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Writers and editors at Slate have voted nearly unanimously to green-light a strike, escalating tensions between the digital publication and its newly unionized employees.Slate's editorial employees authorized the potential strike by a vote of 52 to 1, according to a spokesman for the Writers... Continue reading at Advertising Age
[ Advertising Age | 2018-12-12 00:00:00 UTC ]
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Folks used to think that e-readers would relegate traditional paper books to the scrapyard of the past and destroy the publishing industry as we knew it. But, in the time since the first Kindle e-reader was unveiled in 2007, the dire declarations of what effect the devices might have on our... Continue reading at PC World
[ PC World | 2018-12-11 00:00:00 UTC ]
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Luthfa Begum, Ebury’s digital publishing lead, is leaving Penguin Random House after more than 14 years. Continue reading at The Bookseller
[ The Bookseller | 2018-12-08 00:00:00 UTC ]
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Sometimes called 'direct export,' the best route to markets in Europe for Québec's publishers may be through European booksellers–and agile ground teams to get their attention. The post Québec Publishers on Making Sales in Europe: Ground Teams and Booksellers appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-04 00:00:00 UTC ]
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Executives at digital news publisher Mic managed to lay off nearly the entire company and secure a new owner all in one day. The company, which launched with a splash as a go-to news source for millennials, is officially being sold to Bryan Goldberg's Bustle Digital Group. Sources say a... Continue reading at AdWeek
[ AdWeek | 2018-11-30 00:00:00 UTC ]
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The Wellcome Collection has joined forces with the Brick Lane Bookshop and Kingston School of Art and Architecture on an “arresting" light installation window display, themed around "Living with Buildings". Continue reading at The Bookseller
[ The Bookseller | 2018-11-30 00:00:00 UTC ]
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Digital news publisher and suddenly-strapped-for-cash Mic is in sales talks, according to sources familiar with the matter who speculated that Bustle Digital Group (BDG) or its founder, Bryan Goldberg, might end up buying it. Mic was founded in 2011 and has largely targeted millennials, covering... Continue reading at AdWeek
[ AdWeek | 2018-11-29 00:00:00 UTC ]
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BuzzFeed CEO Jonah Peretti floated the idea of a merger between big digital publishing companies. Here's how a merger could -- but ultimately won't -- help. The post Video Briefing: The pros and cons of a digital media merger appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-11-28 00:00:00 UTC ]
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Just like Microsoft’s holiday sales last Christmas, the company’s Cyber Monday deals are going fast, though you can still hunt down a few decent ones.The company’s Surface and Xbox deals for Cyber Monday include discounts on the Surface Pro 6 and Surface Book 2. Historically, Microsoft has also... Continue reading at PC World
[ PC World | 2018-11-27 00:00:00 UTC ]
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Per an agreement announced November 19, John Wiley & Sons and RBmedia will partner to publish more than 650 Wiley audiobooks over the next three years. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-21 00:00:00 UTC ]
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BuzzFeed, Group Nine Media and other big digital publishers are floating the idea of merging to get better terms from Google and Facebook. It won't work. The post ‘Thinking along the wrong trajectory’: Digital media mergers won’t solve the duopoly problem appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-11-20 00:00:00 UTC ]
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