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Barnes & Noble is breaking itself apart, by spinning off its fast-growing digital unit from its slow-growth bookstore business. And it’s doing so with help from Microsoft.
Redmond will put $300 million into the new business at a $1.7 billion valuation, and will get 17.6 percent of the new company.
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The Barnes & Noble Nook business lost $57 million (EBITDA) in the first quarter of 2013 on revenues of $192 million, according to the company’s earnings report released today.
Although revenues increased for the device and e-bookstore business — especially on the digital content side, which saw a 46% increase in sales — losses continue to
369 readersBarnes & Noble has released its Nook eReader app for Microsoft’s Windows 8 platform.
The app is part of news that the two companies have formed a strategic partnership, creating a new Barnes & Noble subsidiary focused on digital content. The new subsidiary, which is being referred to as “Newco”, brings Barnes & Noble’s digital and college
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By Jeremy Greenfield, Editorial Director, Digital Book World, @JDGsaid
Microsoft and Barnes & Noble are entering into a strategic partnership aimed at shifting the balance of power in the battle for the exploding e-book market with Amazon and Apple.
In a press release this morning, both Microsoft and Barnes & Noble announced a strategic partnership between the software
1208 readersNook Media, Barnes & Noble’s digital publishing business, is offering a pretty good deal on its tablet.
For a limited time, if you purchase a Nook HD+ tablet, you will get a free Nook Simple Touch device, the company’s $79 eInk eReader. The deal is good at Barnes & Noble retail stores, Barnes & Noble College
863 readersBarnes & Noble released its earnings report for its second quarter today (which ended October 29, 2011). While Barnes & Noble store retail sales decreased 1% from $931 million to $918 million, the digital business is up.
BN.com’s sales increased 17% over the prior year, from $177 million to $206 million, and the company attributed this increase to
981 readersApple sold 17.07 million iPhones in the fiscal 2011 fourth quarter which ended September 24, 2011, representing 21 percent unit growth over the year-ago quarter. During the quarter, the company sold 11.12 million iPads, a 166 percent unit increase since last year. Despite the increases, the company didn’t sell as many iPhones as
873 readersBy Edward Nawotka and Olivia Snaije
Reuters is reporting the RCS MediaGroup will “accept a binding offer for its French book publishing unit Flammarion from the parent company of Gallimard, valuing it at €251 million.” It is lower the €300 million RCS asked for in May. The announcement also indicated that “the deal is conditioned solely
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Struggles continue for the nation’s largest bricks-and-mortar bookseller and its floundering digital division.
Barnes & Noble booked $2.2 billion in revenue in its third-quarter ending Jan. 26, 2013, a decrease of 8.8% compared to the same period a year ago. The company also swung to a loss of $6.1 million versus a profit $52 million last
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From the press release:
Total sales decreased 0.6% as compared to the prior year, from $1.90 billion to $1.89 billion. Barnes & Noble store (“Retail”) sales decreased 1% from $931 million to $918 million, with comparable sales decreasing 0.6%. Physical book sales declined, offset by increases in NOOK products and were positively affected by the liquidation