Barnes & Noble Spends $100M for Specialty Publisher
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The deal is part of B&N's strategy to expand publishing revenues from 3% of sales today to over 10% in the next five years, says Larry Zilavy, CFO of Barnes & Noble in New York.
Sources at leading independent imprints are concerned about B&N's growing publishing effort. They're worried the retailer will give its titles better placement in stores, hurting sales of independent publishers' titles.
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