Barnes & Noble, Inc., the world's largest bookseller, today reported sales and earnings for its fiscal 2012 first quarter ended July 30, 2011.
The economics of the book business are changing so rapidly the industry barely looks like it did just six months ago.
The era of the book superstores, with their big windows and welcoming tables stacked high with books, has gone into decline. Many of the country's most enthusiastic readers have already switched to less-costly digital books. Amazon customers now buy more Kindle titles than hardcovers and paperbacks.
It was probably a coincidence, but on one Sunday in July, two New York Times luminaries wrote columns complaining about books. Bill Keller, the outgoing executive editor, had a piece in the magazine headlined "Let's Ban Books, or at Least Stop Writing Them." In the Sunday business section, Bryan Burroughs, a regular reviewer and himself the author of multiple bestsellers, took on the preponderance of business books in an essay called "Compelling Tales, Rarely Told Well."
Len Vlahos, currently Chief Operating Officer at the American Booksellers Association, has been appointed Executive Director of the Book Industry Study Group, Inc.
While Apple (Nasdaq: AAPL) and Netflix (Nasdaq: NFLX) grab most of the headlines these days, Amazon (Nasdaq: AMZN) lingers like a sleeping giant. But not for long. What Amazon has planned could challenge both tech giants in one fell swoop.
The Wall Street Journal reported earlier this month that Amazon will release a tablet PC by October. As more details emerge, we get a clearer picture of what Amazon will offer.
… There are even rumors surfacing … that Apple may be considering acquiring Barnes & Noble, Inc.
Borders, the 40-year-old bookstore chain that is in the midst of going out of business, said today its senior executive team also is going out the door.
The employment of President Mike Edwards and CFO Scott Henry “terminated” as of July 29, a Borders regulatory filing said in classic passive verbiage.
The McGraw-Hill Companies today reported diluted earnings per share of $0.68 for the 2nd quarter of 2011, an 11.9% increase compared to the same period last year.
Representing just 6% of the total trade book market, the sci fi/fantasy segment will grow 3.4% in 2011, despite the overall market's expected 5.2% decline.
The American passion for tablets is declining just as e-reader growth is accelerating.
Between January and May of this year, tablet ownership in the US grew from 7 to 8 per cent of the population, according to a new report by the Pew Internet & American Life Project. Previously Pew reports, tablet sales had been climbing relatively quickly.
Bowker and Publishers Weekly team again to provide insight into book buying demographics and behavior
In recent years, the tech-savvy 18-to-24 crowd has discovering audiobooks via digital downloads - a potential threat to the traditional audiobook industry, though CD audiobooks remain the backbone of the industry, partly because of massive sales to libraries.
OverDrive announced today that booksellers, libraries, and schools in its global network will soon have access to DRM-free eBook titles from O’Reilly Media.