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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WATCH: Novelist C Pam Zhang in Conversation with John Freeman

Click below to watch the first virtual meeting of the Alta California Book Club, which Books Editor of Alta Journal David Ulin describes as: an opportunity for us to rethink the book club as a kind of ongoing process involving events, involving posts and interviews and discussions on the Alta... Continue reading at Literrary Hub

[ Literrary Hub | 2020-12-02 09:48:47 UTC ]
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S&S pre-empts John Stonehouse biography

Simon & Schuster is to publish a biography of former Labour minister John Stonehouse, who faked his own death in 1974. Continue reading at The Bookseller

[ The Bookseller | 2020-11-29 23:08:09 UTC ]
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Barnes, Clarke and host of debuts make Costa shortlists

Susanna Clarke, Julian Barnes and Meg Rossoff are joined by 10 debut authors in the shortlists for this year's Costa Book Awards. Continue reading at The Bookseller

[ The Bookseller | 2020-11-24 05:20:33 UTC ]
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Scotland's National Book Awards postponed to 2021 after funding bid fails

Scotland's National Book Awards will not go ahead this year and will be delayed until 2021 after a funding application to Creative Scotland was unsuccessful, its organisers have confirmed. Continue reading at The Bookseller

[ The Bookseller | 2020-11-23 04:05:52 UTC ]
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Ex-PMs unite in Australia in bid to curb power of Murdoch empire

Former rivals to star in Leveson-style inquiry into mogul’s near-monopoly of the country’s mediaIn high public office, both men lived and died at the word of the world’s most influential media mogul, Rupert Murdoch. But now two former Australian prime ministers are at the vanguard of a campaign... Continue reading at The Guardian

[ The Guardian | 2020-11-22 07:30:15 UTC ]
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Another look at John Glenn through a heroic lens

Alice George’s biography portrays the astronaut as an imperfect but inspirational figure. Continue reading at The Washington Post

[ The Washington Post | 2020-11-20 13:00:00 UTC ]
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Rupert Murdoch’s News Corp Bids for Simon & Schuster

A sale of the venerable publisher of Stephen King and Hillary Clinton could fetch $1.7 billion and rev up consolidation in book publishing. Continue reading at The New York Times

[ The New York Times | 2020-11-17 08:28:15 UTC ]
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New York Times reports News Corp bid for S&S

Rupert Murdoch's media giant News Corp has made a bid for Simon & Schuster, according to a report in the New York Times. Continue reading at The Bookseller

[ The Bookseller | 2020-11-17 08:28:03 UTC ]
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Taylor's New Yorkers to John Murray

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Amazon gives rugby £20m lifeline and could spark Six Nations bidding war

Amazon may not be in it for the long term but its investment in Autumn Nations Cup is likely to prompt interest from othersThere has been little cheer for unions and clubs this year as restrictions imposed by the pandemic have reduced cash flow to a trickle, prompted wage cuts and led to a run... Continue reading at The Guardian

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A rock photographer who captured John Lennon, Mick Jagger and Gene Simmons looks back on a charmed life

Bob Gruen’s “Right Place, Right Time” is a low-key chronicle of a man going with the flow. Continue reading at The Washington Post

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The Skillset Podcast #3: Politics and Libraries with EveryLibrary's John Chrastka

With the election days away, this is the perfect time to remember that public libraries exist in a political as well as a civic space. In this episode, hosts David Lankes and Nicole Cooke talk to John Chrastka, head of EveryLibrary, the country’s only political action committee for libraries,... Continue reading at Publishers Weekly

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Abraham Lincoln and John Brown: Imperfect heroes of the fight to end slavery

H.W. Brands critiques the wildly different paths the two men took toward the same goal. Continue reading at The Washington Post

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‘The Selected Letters of John Berryman’ is an intimate portrait of the celebrated, tortured poet

Berryman, who won a Pulitzer and a National Book Award, struggled with addiction and despair that also fueled his work. Continue reading at The Washington Post

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Why Djuna Barnes Withdrew Into Total Seclusion the Last 40 Years of Her Life

Welcome to part two of the first episode of our new original podcast, Lit Century: 100 Years, 100 Books. Combining literary analysis with an in-depth look at historical context, hosts Sandra Newman and Catherine Nichols choose one book for each year of the 20th century, and—along with special... Continue reading at Literrary Hub

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Aleksandar Hemon has been awarded the 2020 John Dos Passos Prize for Literature.

Today, Longwood University announced that Aleksander Hemon has been named the winner of the 2020 John Dos Passos Prize for Literature. The prize is Longwood University’s premier literary award—the largest literary award of any Virginia college or university; it aims to honor “an underappreciated... Continue reading at Literrary Hub

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John Murray reveals forthcoming books podcast with Stig Abell

Journalist Stig Abell is launching a literary podcast with John Murray—"Stig Abell’s Guide to Reading"—designed to tie in with the publication of his forthcoming book Things I Learned on the 6.28: A Guide to Daily Reading. Continue reading at The Bookseller

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Former CIA director John Brennan takes on Trump, and doesn’t hold back

His memoir recounts his suspicions on Russia and has intriguing comments on Joe Biden. Continue reading at The Washington Post

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Stephen Barnes, Partner in Law Firm With Cellino, Dies at 61

A jingle helped them transform a two-partner practice in Buffalo into a 50-lawyer personal injury behemoth in New York State and California. Mr. Barnes died in a plane crash. Continue reading at The New York Times

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Tana French’s ‘The Searcher’ nods to John Ford’s famous Western with the story of a loner on the hunt for a lost teen

An American ex-cop looking to start over in the Irish countryside ends up uncovering a bog’s worth of secrets. Continue reading at The Washington Post

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