The world's largest book retailer, Barnes & Noble, announced Tuesday that its board of directors is considering selling the company in order to increase shareholder value. As the bookseller explained today, the board has formed a team to evaluate "strategic alternatives" to make sure it's "taking advantage of [its] compelling digital opportunities."
Barnes & Noble Inc.
A "for sale" sign may soon be hanging in the window of bookstore giant Barnes & Noble Inc., the company announced today. According to a press release issued this morning, Barnes & Noble's Board of Directors "intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. The Board came to this decision based on the price of Barnes & Noble shares in the marketplace, which the Board believes are now significantly undervalued."
E-readers are becoming more and more popular and that’s sparked some price wars. Barnes and Noble dropped the price of their Nook to $149, and Amazon responding by promptly dropping the price of the red hot Kindle to $149 and introducing a sleeker, less expensive DX with a better screen.
Not to be left out of the fast-growing e-reader and e-book arenas, Borders now has its own e-reader, the $150 Kobo eReader. With it, you can read e-books purchased from Borders' online store, which is powered by Kobo Inc.
New York, New York – June 21, 2010 – Barnes & Noble Inc. (NYSE: BKS), the world’s largest bookseller, is giving book lovers more choice and greater value in dedicated eBook Reading devices with the addition of NOOK Wi-Fi to the NOOK by Barnes & Noble family for just $149, and a new lower price for its award-winning NOOK 3G at $199. The new NOOK Wi-Fi offers all the great features of NOOK 3G – a color touchscreen for navigation and best-in-class E-Ink® display for a great reading experience – plus Wi-Fi connectivity. NOOK Wi-Fi is now available to order online at www.nook.com and www.bestbuy.com.
NEW YORK, June 9, 2010—A&E Network announced today the launch of an innovative and exclusive marketing partnership with Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller, to drive tune-in for its new original drama series "The Glades," which premieres on A&E on Sunday, July 11 at 10:00 PM/ET.
Self-publishing and online services, e-books, and digital demand printing are joined into a new and powerful sector that is transforming the industry. For industry professionals whose career satisfactions and livelihoods are bonded to the future of the book, this new sector offers a wild ride and a venturesome future.
Although it seems that all we ever talk about these days is the tablet--how gorgeous the iPad is, how the tablet will kill off the netbook, a little bit more about the iPad--the more dynamic market of the moment is e-readers. Not a day goes by without the launch of a new model--latest being Asus's Lumibook, and with Marvell muscling in on the Chinese market--and, to be honest, it's all a bit confusing.
Former Barnes & Noble executive Thomas P. Burke has joined Scholastic Corp. as senior vice president, e-commerce. In his new role, Burke will be responsible for the strategic direction and growth of Scholastic’s e-commerce operation on Scholastic.com, according to a company press release.
Plastic Logic and Barnes & Noble have announced a distribution agreement involving the 2010 debut of Plastic Logic's e-book reading device, the QUE proReader. The device is touted by Plastic Logic as "the first e-reader designed to support the lifestyle of modern business professionals." It also is unique for its shatterproof, plastic display with the largest touchscreen available.