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 ]
In his new role as chair of the Book Industry Study Group, industry vet Andrew Savikas discusses the challenges and opportunities facing publishers in an age of rapidly evolving technology. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-18 05:00:00 UTC ]
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The Book Industry Charitable Foundation's third industry-wide survey found 22% of respondents had situations in the past two years requiring financial assistance, yet less than half of those in need asked for help. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-14 05:00:00 UTC ]
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As the writing challenge turns 20, it’s time for the publishing industry to challenge itself. Continue reading at HuffPost
[ HuffPost | 2019-11-01 09:45:13 UTC ]
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As the wildfire situation in California worsens—with power outages, road closures, red flag warnings, and mandatory evacuations occurring throughout the state—several independent bookstores have been forced to reduce operating hours, cancel events, and in some cases even close their doors... Continue reading at Literrary Hub
[ Literrary Hub | 2019-10-30 17:00:29 UTC ]
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In a reception at Penguin Random House's stand at the Frankfurt Book Fair, global CEO Markus Dohle again expressed his confidence in the future for both his company and the book industry in general. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-17 04:00:00 UTC ]
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Pete Selby, head of books for W H Smith, has called on the book industry to make the high street more diverse and inclusive for young readers, saying that diversity is going to become a "significant" part of WHS' strategy. Continue reading at The Bookseller
[ The Bookseller | 2019-09-22 19:12:13 UTC ]
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Shockwaves rippled across the book industry last Wednesday after Amazon sent customers a copy of The Testaments almost a week early, which it later apologised for and attributed to "technical error". Continue reading at The Bookseller
[ The Bookseller | 2019-09-12 13:11:07 UTC ]
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Accommodation for people with disabilities varies at book industry shows and fan fests, our investigation has found. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-06 04:00:00 UTC ]
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As the ongoing trade war between the United States and China rumbled on early this year, some interesting book industry statistics were coming out of the People’s Republic. Continue reading at The Bookseller
[ The Bookseller | 2019-08-20 23:06:52 UTC ]
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The newly elected board of directors of the Book Industry Study Group will meet for the first time on July 25 in New York City. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-25 04:00:00 UTC ]
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Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes &... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-08 11:14:14 UTC ]
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Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes and... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-08 10:53:45 UTC ]
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Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes and... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-08 10:00:00 UTC ]
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Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes and... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-05 17:38:09 UTC ]
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AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, according to people familiar with the matter. The four regional networks, which includes rights to teams such as the hockey’s Pittsburgh Penguins,... Continue reading at Advertising Age
[ Advertising Age | 2019-07-02 19:54:11 UTC ]
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The oft-quoted numbers remain as compelling as ever: 370 million people under the age of 18, an additional 17.5 million babies born annually, and at least 600 active publishers in the children’s book industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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Foreign secretary Jeremy Hunt says case of Wa Lone and Kyaw Soe Oo is a top priorityThe foreign secretary, Jeremy Hunt, has pledged to make the fight to release of two Reuters journalists imprisoned by the Burmese government a top priority for the coming year.Last week, Hunt met the human rights... Continue reading at The Guardian
[ The Guardian | 2018-12-21 00:00:00 UTC ]
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Several initiatives and issues in Canada's book industry are bringing francophone and anglophone publishers together to support their authors and celebrate their culture. The post Salon du Livre in Montreal: Common Goals Across a Linguistic Divide appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-20 00:00:00 UTC ]
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Benedicte Page reflects on the current status of literary fiction and the role of independent publishers in the book industry. Continue reading at The Bookseller
[ The Bookseller | 2018-08-21 00:00:00 UTC ]
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Independent publishers based in the north of England explore the problems faced by such presses in a market dominated by London-based corporate publishers in a round-table discussion chaired by The Bookseller at Bradford Literature Festival. Continue reading at The Bookseller
[ The Bookseller | 2018-08-18 00:00:00 UTC ]
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