U.K. Investment Group Acquires Barnes & Noble for $683 Million

It's a new--wait for it--chapter for bookseller Barnes & Noble, which will be acquired by U.K. investment firm Elliott Advisors in an all-cash deal worth $683 million. Barnes & Noble joins a portfolio that also includes U.K. bookseller Waterstones, which Elliott acquired in June 2018. The brands will operate independently, but Waterstones CEO James Daunt... Continue reading at 'AdWeek'

[ AdWeek | 2019-06-07 20:03:20 UTC ]
News tagged with: #$683 million #bookseller waterstones #operate independently

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PRH Acquires F+W Book Group Assets At Auction

Penguin Random House has posted the winning bid to acquire the book publishing assets of F+W Media. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-06-07 04:00:00 UTC ]
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Barnes & Noble isn't ready to give up on the E-Ink Nook

Just in time for beach reading, Barnes & Noble is releasing a new Nook with a 7.8-inch screen and waterproof design. The new GlowLight Plus has the company's largest E-Ink screen to date, and as with past models users can choose between a cool wh... Continue reading at Engadget

[ Engadget | 2019-05-23 17:05:00 UTC ]
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Far-right Facebook groups 'spreading hate to millions in Europe'

Avaaz uncovers 500 accounts using fake news to spread white supremacy messageA web of far-right Facebook accounts spreading fake news and hate speech to millions of people across Europe has been uncovered by the campaign group Avaaz.Facebook, which is struggling to clean up the platform and... Continue reading at The Guardian

[ The Guardian | 2019-05-22 04:00:20 UTC ]
More news stories like this | News stories tagged with: #hate speech #fake news #facebook groups


Mental health books outsell diet and exercise books at Barnes & Noble

In a shift, American readers have become more interested in books about mental health than about diet and exercise, according to data released by bookstore chain Barnes & Noble. The data, collected around the New Year's season, seems to indicate that readers' annual resolutions are focusing... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-01-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mental health #barnes noble #data released #american readers


Barnes & Noble Promotes Booksellers Over Algorithms to Get Shoppers In Stores

Sometimes shopping online for holiday gifts seems like the easy way out, but when looking for something really special and personal, Barnes & Noble believes going to the store is essential to finding that perfect gift. That's why the brand is recasting its booksellers as the all-knowing book... Continue reading at AdWeek

[ AdWeek | 2018-12-11 00:00:00 UTC ]
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Bustle Digital Group Buys Mic for an Estimated $5 Million

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 ]
More news stories like this | News stories tagged with: #bryan goldberg #news source #entire company


Parneros Will Seek Dismissal of Barnes & Noble Countersuit

In a letter to the court last week, lawyers for Demos Parneros contend that “as a matter of law” B&N lacks the foundation to recover anything from its former CEO, and further suggest that the retailer’s theory that Parneros purposefully derailed the sale of the company to preserve his role... Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-26 00:00:00 UTC ]
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Attorneys for Parneros, Barnes & Noble Meet in Court

At a 20-minute initial conference, lawyers for Demos Parneros portrayed the fired CEO as a respected executive who is now "unhirable" after being wrongly dismissed for alleged sexual harassment. Lawyers for Barnes & Noble said they have "a different view of the facts." Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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Books about the Trump White House are flying off the shelves at Barnes & Noble

2018 is the year people wanted to read about politics. Barnes & Noble reported a 57% surge in sales of political books compared with last year. The sales spike was driven by books that have been selling like wildfire all year long, from Michael Wolff’s "Fire and Fury: Inside the Trump White... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-10-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #michael wolff #barnes noble #year long #sales spike


Barnes & Noble considers sale

Beleaguered US bookselling chain Barnes & Noble has said it has received "expressions of interest from multiple parties in making an offer to acquire the company". Continue reading at The Bookseller

[ The Bookseller | 2018-10-06 00:00:00 UTC ]
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Barnes & Noble Stock Jumps After Investor Ups Stake

After reporting disappointing Q1 results on Thursday, Barnes & Noble saw its stock price jump on Friday following a new investment by Richard Schottenfeld, the head of an eponymous investment firm that took a 5.58% stake in the book chain in July. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Barnes & Noble plunges as bookseller's sales slide deepens

Barnes & Noble Inc. began its new fiscal year with disappointing results as the turnaround promised by its recently ousted chief proves elusive. Same-store sales at the book and gift seller slipped... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2018-09-06 00:00:00 UTC ]
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Barnes & Noble’s Former CEO, Demos Parneros, Launches Lawsuit Against Bookseller

A late-summer standoff has flared with the US publishing industry's largest–and longest-struggling–brick-and-mortar retail chain. Its former CEO is suing for defamation. The company, in response, alleges sexual harassment. The post Barnes & Noble’s Former CEO, Demos Parneros, Launches... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-29 00:00:00 UTC ]
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Beijing invests millions to keep bookshops open

China is investing £5.7 million in preserving brick and mortar bookshops in Beijing as the country increasingly adopts digital. Continue reading at The Bookseller

[ The Bookseller | 2018-07-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mortar bookshops #bookshops open


UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of... Continue reading at Folio Magazine

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
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HMP Acquires Vendome Group’s Behavioral Healthcare Unit

Healthcare industry publisher HMP has reached an agreement to acquire the Institute for the Advancement of Behavioral Healthcare (IABHC), including a pair of trade magazines and a suite of annual events, from Vendome Group for an undisclosed sum, the Malvern, Pa.-based company announced... Continue reading at Folio Magazine

[ Folio Magazine | 2018-07-10 00:00:00 UTC ]
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Barnes & Noble CEO ouster is latest setback in age of Amazon

Barnes & Noble's sudden firing of its CEO after only 14 months on the job dealt another setback to the embattled book seller as it struggles against stiffer competition from Amazon.The sudden vacancy at the top leaves Barnes & Noble treading water while it looks for a new leader, says... Continue reading at Advertising Age

[ Advertising Age | 2018-07-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #potential fraud #financial reporting #statement tuesday #barnes noble


Barnes & Noble fires its CEO Parneros without severance pay

Barnes & Noble has fired CEO Demos Parneros for violating company policies and said he'll exit the post without severance.A spokeswoman declined to say why he'd been terminated. It was "not due to any disagreement with the company regarding its financial reporting, policies or practices or... Continue reading at Advertising Age

[ Advertising Age | 2018-07-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book seller #statement tuesday #potential fraud #financial reporting #spokeswoman declined #barnes noble


Group C Acquires Three More Titles; Grand View Media’s Breakup Nears Completion

After 21 years, Alabama-based Grand View Media appears to be exiting the publishing business. Group C Media—the New Jersey-based publisher of Business Facilities and Facility Executive magazines—announced last week its acquisition of Turf, Turf Design Build, and Tree Services magazines from... Continue reading at Folio Magazine

[ Folio Magazine | 2018-06-13 00:00:00 UTC ]
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International Publishing Group Future Acquires NewBay Media

International media group Future plc has acquired NewBay Media for an initial net value of $13.8 million, the companies announced today. NewBay Media, based in London and New York, is a magazine and website publisher, with multiple verticals covering fields like TV and audio, electronics and... Continue reading at AdWeek

[ AdWeek | 2018-04-05 00:00:00 UTC ]
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