John Malone Explains Barnes & Noble Bid

John Malone, the chairman of Liberty Media, explained why his company made a buyout bid for Barnes & Noble valuing it at $1 billion. The decision came down to Liberty's bid for Sirius and his outlook for Nook, he said. “You might look at the experience we've had with Sirius XM,” Malone told shareholders at a meeting in Denver on Monday. In 2009, Liberty acquired a 40 percent stake in Sirius XM in exchange for a $530 million investment. That stake is now worth more than $5 billion. It seems that Malone thinks that Barnes & Noble shares are similarly undervalued. Malone then pointed to Barnes & Noble’s Nook e-reader as a possible source of future success, saying that as publishers grow wary of the dominance of Amazon’s Kindle, they’re more likely to offer their support to the rival Nook. Malone also thinks that Nook, which runs on Android software, could expand by becoming an e-reader platform for third-party devices. But he denied rumors that Liberty would push for synergy between the Nook and any of its existing properties, including Starz, LiveNation, and QVC. Malone said that he expects a decision from Barnes & Noble’s board in the coming “months, if not weeks.” Continue reading at 'AdWeek'

[ AdWeek | 2011-05-24 00:00:00 UTC ]
News tagged with: #future success #amazons kindle #e-reader platform #third-party devices #existing properties #coming months

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How Reading John McPhee’s Book on Tennis Helped Me Write About Skateboarding

“Start where you are. Use what you have. Do what you can.” –Arthur Ashe * Years ago, when I was still a budding fiction writer, I published an essay about how hard skateboarding is to write about. I focused on a few novelists who had skater characters in their books but who clearly didn’t skate […] Continue reading at Literrary Hub

[ Literrary Hub | 2022-02-09 09:55:45 UTC ]
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John Murray's new crime imprint Baskerville launches with Herron and Boyle

John Murray’s new literary crime and thriller imprint is launching with a line-up of authors including Mick Herron, Frankie Boyle and Kaoru Takamura, among others.  Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 00:15:20 UTC ]
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Lagardère raises publishing profit outlook as it prepares for Vivendi takeover bid

Hachette Livre owner Lagardère has raised its publishing division's profitability outlook to 13.5%. Continue reading at The Bookseller

[ The Bookseller | 2021-12-20 11:14:48 UTC ]
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John Murray picks up Milton's 'exhilarating' Stalin tale

Historian Giles Milton's "exhilarating" wartime story Vodka with Stalin: The Allied Mission to Wartime Moscow has gone to John Murray. Continue reading at The Bookseller

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Alden sues Lee after news publisher rejects its takeover bid

Alden Global Capital hedge fund, owner of the Chicago Tribune, stepped up its attempts to buy Lee Enterprises this week, filing a lawsuit that accuses its board of denying shareholders of the newspaper publisher a voice in the matter. Continue reading at Baltimore Sun

[ Baltimore Sun | 2021-12-16 17:02:32 UTC ]
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Alden sues Lee after news publisher rejects its takeover bid

Nearly a week after Lee Enterprises rejected Alden Global Capital’s attempt to buy the newspaper publisher, the hedge fund responded Wednesday with a lawsuit accusing Lee’s board of improperly denying shareholders the chance to have a say on the offer Continue reading at ABC News

[ ABC News | 2021-12-15 23:34:05 UTC ]
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John Legend and his film team will publish books at Zando

John Legend, Mike Jackson and Ty Stiklorius, founders of Get Lifted Film Co., are joining the independent publishing company Zando with their own imprint. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-12-13 14:00:39 UTC ]
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John Legend and Team Join Zando for New Imprint

Singer John Legend and members of the Get Lifted Film Company have partnered with Zando to form a new imprint, Get Lifted Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-13 05:00:00 UTC ]
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He saw a ‘noble’ future for Black and Indigenous composers. He was wrong.

Why Antonin Dvorak’s prediction about American classical music didn’t come true. Continue reading at The Washington Post

[ The Washington Post | 2021-12-10 13:00:00 UTC ]
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Lee Enterprises rejects takeover bid from Alden hedge fund

Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs Continue reading at ABC News

[ ABC News | 2021-12-09 21:37:15 UTC ]
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Buffalo News publisher rejects Alden Global Capital's takeover bid.

The board of Lee Enterprises voted 8-0 against an unsolicited offer by the hedge fund that valued the newspaper chain at $141 million. Continue reading at The New York Times

[ The New York Times | 2021-12-09 20:44:02 UTC ]
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Lee Enterprises rejects takeover bid from Alden hedge fund

Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts. Continue reading at Baltimore Sun

[ Baltimore Sun | 2021-12-09 19:38:26 UTC ]
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Hachette UK buys education publisher John Catt

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[ The Bookseller | 2021-11-30 16:03:02 UTC ]
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Anonymous Orchid Outlaw memoir goes to John Murray in 24-hour pre-empt

An anonymous academic’s memoir about his underground mission to save flowers from extinction, The Orchid Outlaw, has gone in a 24-hour pre-empt to John Murray.  Continue reading at The Bookseller

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John Murray partners with Waterstones for Billy Connolly 'fan-led' event

John Murray Press is partnering with Waterstones to host a one-off Facebook Live “fan-led” event with Billy Connolly in December.   Continue reading at The Bookseller

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Witch + Spy = Essayist: The Millions Interviews Randon Billings Noble

Randon Billings Noble discusses her path to essay writing, current reading life, the anthology editing process, and what's next in her career. The post Witch + Spy = Essayist: The Millions Interviews Randon Billings Noble appeared first on The Millions. Continue reading at The Millions

[ The Millions | 2021-11-17 11:00:36 UTC ]
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John Edgar Wideman’s Art of Storytelling

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[ The New York Times | 2021-11-16 19:53:17 UTC ]
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John Lewis sued by self-published children’s author over Christmas ad

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[ The Guardian | 2021-11-16 14:46:45 UTC ]
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Why was ‘The Office’ so successful? Kevin Malone, aka Brian Baumgartner, seeks answers in a new book

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[ The Washington Post | 2021-11-13 13:00:00 UTC ]
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