Barnes & Noble says it plans to keep making its Nook electronic readers and will focus on offering content to its customers, even as its first-quarter net loss nearly doubled.The quarterly results came as the struggling bookseller's chairman said he is abandoning his bid for the company's retail stores. Shares tumbled 12% in midday trading.Barnes & Noble is reviewing its strategy in the wake of CEO William Lynch's departure in June and continuing declines in Nook revenue, a unit the company has invested heavily in. In a call with investors, Barnes & Noble Michael Huseby, president of Barnes & Noble and CEO of its Nook business, said the 4-year-old Nook business has had some success, with 10 million devices sold and a 22% share in the ebook market. But he said there have been missteps."We have faced an increasingly challenging competitive landscape and, as it turned out, we were overly optimistic the past two holiday seasons, forecasting demand for our Nook devices falling far short of our expectations," he said in a call with investors.In June, Barnes & Noble said it would explore making its color Nook devices with a third-party manufacturer. On Tuesday Mr. Huseby elaborated, saying the company continues to design and develop both black-and-white and color Nook devices, with at least one new Nook due out for the holiday season and more products in development. He said the company already works with third-party manufacturers for parts of the device such... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-20 00:00:00 UTC ]
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With branded content hard to do profitably, publishers including Atlantic Media and Bloomberg Media are trying to offer strategic services on a retainer basis. The post ‘We’re building an end-to-end solution’: Bloomberg wants in on the agency business appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-07-19 00:00:00 UTC ]
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For years, the conventional wisdom about Amazon's Kindle e-reader was that the company, which likes to say that it wants to make money when customers use its products, would eventually make buying ebooks irresistible by offering a Kindle e-reader for free. But Amazon has refused to play along.... Continue reading at Fast Company
[ Fast Company | 2016-04-13 00:00:00 UTC ]
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It’s the day after Election 2024 and half the population of the United States thinks the end of the world is imminent. And the founders and editors of satire site 'The Babylon Bee' whose, whose new book 'The Babylon Bee Guide to the Apocalypse' (Regnery) releases next week, are delighted. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-05 05:00:00 UTC ]
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New Jersey's biggest newspaper, The Star-Ledger, said Wednesday that it will stop publishing its print edition in February amid rising costs and slumping demand for print. (NY Post) The shuttering of The Star-Ledger's printing plant will cause its sister publication, The... Continue reading at AdWeek
[ AdWeek | 2024-10-31 11:55:00 UTC ]
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Star-Ledger’s owner said decision was due to rising costs, decreasing circulation and reduced demand for print copiesThe owner of New Jersey’s largest newspaper says it will stop publishing a daily print version of the paper early next year, but its online version will continue.The Newark... Continue reading at The Guardian
[ The Guardian | 2024-10-31 01:54:30 UTC ]
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Caine, one of the country’s best-known independent booksellers and a prominent critic of Amazon, is selling his majority shares in the Lawrence, Kans., institution to a trio who are currently minority co-owners. The sale will take effect January 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-25 04:00:00 UTC ]
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John Lewis, a high-end department store chain in the UK, briefly listed a new Kindle that's not available from anybody else. It's the upcoming 12th-generation Kindle ereader that Amazon has yet to announce, though its information has leaked quite a few times before Lewis prematurely posted a... Continue reading at Engadget
[ Engadget | 2024-10-16 03:52:40 UTC ]
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October Prime Day 2024 is half over but you can still save thanks to a slew of deals across the entirety of Amazon’s online storefront. Props to you if you came prepared with a wishlist of items you hope to buy on sale, because it can be easy to get distracted by the thousands of other deals... Continue reading at Engadget
[ Engadget | 2024-10-09 15:14:28 UTC ]
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Is it Andrew Cuomo’s time to shine?The former governor, who resigned in disgrace in 2021, is strongly considering a run for mayor, now that Eric Adams has been indicted. If Adams resigns, a special election will be triggered, and many think Cuomo is sure to enter it. This might be his best... Continue reading at Crains New York
[ Crains New York | 2024-10-01 16:45:16 UTC ]
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The Chinese bestseller lists in August showed an unusual level of interest in newer works as well as the traditionally favored classics. The post China Bestsellers in August: Charting Summer’s End appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-09-30 04:05:32 UTC ]
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Bookstore Romance Day, held last Saturday, has grown to include 550 bookstores, up from 150 stores when it was founded in 2019. It now offers online events and giveaways from Libro.fm, in addition to in-store promotions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-21 04:00:00 UTC ]
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Once a major player in German bookselling, with more than 300 outlets, Weltbild will shutter its remaining 14 brick-and-mortar stores and lay off approximately 440 employees by the end of this month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-20 04:00:00 UTC ]
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Booktopia, the Australian online bookseller, which went into voluntary receivership in July, has been sold to camera store chain DigiDirect. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-19 04:00:00 UTC ]
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Currency fluctuations and flat monthly user numbers prompted investors to sell off shares of Webtoon, which went public earlier this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-12 04:00:00 UTC ]
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Donald Trump sued the Pulitzer Prize Board over its 2022 statement reaffirming its decision to award a prize for coverage of the 2016 Trump campaign’s ties to Russia. Continue reading at The New York Times
[ The New York Times | 2024-07-21 22:14:57 UTC ]
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The Amazon Prime Day sale ends tonight, but don't think that all opportunities to save have come and gone. In typical Amazon fashion, most of the best Prime Day deals on day one of the sale remain the best offers now on day two — if they didn't sell out already, that is. Thankfully, many of the... Continue reading at Engadget
[ Engadget | 2024-07-17 23:00:36 UTC ]
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Amazon Prime Day 2024 will be over in a few hours, but there's still time to save on some of our favorite gadgets. As to be expected, the best Prime Day deals from day one of the sale remain the best offers now on day two — if they didn't sell out already, that is. We haven't seen a ton of sold... Continue reading at Engadget
[ Engadget | 2024-07-17 17:35:46 UTC ]
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Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company. Continue reading at The New York Times
[ The New York Times | 2024-07-01 22:31:42 UTC ]
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After 11 years, Jason Pinter's small press fell under the weight of a host of issues all too familiar to indie publishers. But his elegance under the pressure of handling the collapse—including the rehoming of 60% of Polis's 171-title backlist—stands out. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-31 00:00:00 UTC ]
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Mayor Eric Adams’ administration is mounting a push for state lawmakers to pass a set of bills loosening some of the rules that govern the city’s notoriously slow capital process, which city leaders say would allow major projects to get done more quickly and cheaply.The city needs permission... Continue reading at Crains New York
[ Crains New York | 2024-05-09 10:03:04 UTC ]
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