In an attempt to resuscitate its failing e-reader division, Barnes & Noble has decided to split into two companies.
According to Mashable, the company will separate the division for its Nook e-readers into a separate company by the end of the first quarter of 2015. Barnes & Noble CEO Michael Huseby released this statement:
“We believe we are now in a better position to begin in earnest those steps necessary to accomplish a separation of NOOK Media and Barnes & Noble Retail. We have determined that these businesses will have the best chance of optimizing shareholder value if they are capitalized and operated separately.”
Basically, this means he hopes the separate Nook company will be more flexible on its own and therefore acquire more partnerships or even new owners. Microsoft, for example, could theoretically purchase the company. But branching off may have little to no impact on the Nook company. It’s been struggling for years, and has continued to decline in sales revenue, as other e-readers and phone apps compete in the digital market.
Guess we’ll have to wait at least another six months to see what happens.
It’s been more than 50 years since To Kill a Mockingbird was published, but the Pulitzer-Prize winning author of the classic novel has finally decided to let it be published digitally as an e-book.
According to The New York Times, Harper Lee has approved the e-book version of her novel, which will be available July 8th. Mockingbird and another classic, The Catcher in the Rye, are two of just a few classic novels left that had not yet been converted to a digital format. Mockingbird continues to sell one million copies each year and is read in schools across the country.
A digital audio version of the novel will also be available. It was be voiced by actress Sissy Spacek. HarperCollins has the North American rights; Random House has the rights in Britain.
As bookstores continue to flounder, libraries are now making it a point to take advantage of the moment and roll with the times.
According to The New York Times, libraries are realizing that print is coming in second to digital. As a result, libraries are now offering more e-books and technology options (like more space for computers within the library walls). But libraries are also making more of the big bestsellers available, and then selling them for a reduced price when the library starts to carry the books in excess. Karen Ann Cullotta explains.
At the bustling public library in Arlington Heights, Ill., requests by three patrons to place any title on hold prompt a savvy computer tracking system to order an additional copy of the coveted item. That policy was intended to eliminate the frustration of long waits to check out best sellers and other popular books. But it has had some unintended consequences, too: the library’s shelves are now stocked with 36 copies of “Fifty Shades of Grey.”
Of course, librarians acknowledge that when patrons’ passion for the sexy series lacking in literary merit cools in a year or two, the majority of volumes in the “Fifty Shades” trilogy will probably be plucked from the shelves and sold at the Friends of the Library’s used-book sales, alongside other poorly circulated, donated and out-of-date materials.
With less waiting and larger scale sales down the road, libraries are becoming more and more like bookstores. And in a post-recession age when people are willing to do most anything to save a buck, why not? Why pay for a book when there’s a magical little place in your hometown that will allow you to take it home for free?
These are moves that libraries hope will increase foot traffic and users. Do you think they will?
Just as e-books are rapidly growing in popularity, so are digital sales of comic books. Just last week, Archie Comics became the first to offer digital copies of its comic books on the company’s Facebook page.
According to this article by Huffington Post, it’s the largest publisher to add their Facebook fans to their digital sales plan. Archie Comics will work with Graphicly to provide the digital copies. Archie is now being touted as one of the more forward thinking comic book companies. This digital move is considered a bold one.
Archie Comics already offers digital copies of its new comic books to readers the day the comics are released. The company’s Archie Comics app has been downloaded 4 million times. They’re also the first to offer Spanish-speaking copies of their comic books. Co-CEO Jon Goldwater explains toHuffPo why this move is such a big deal.
Facebook has been a huge source of fan interaction, feedback and energy. The ability to merge that with our significant digital output is really a no-brainer. No company with our level of reach on Facebook has done this. It’s in the numbers. Having the chance to make our Facebook page a place for fans to not only learn about the company’s news and initiatives but also to sample our titles and build a collection right on Facebook. It’s really a major move toward connecting the potential reader to the product. We make it easy and hopefully create a new, lasting part of our fanbase.
Goldwater explains that once you like the Archie Facebook page, you can click “Comics” and start reading the first few pages of a title. If you’re so inclined, you have the option to purchase the comic book. It seems like a relatively simple process. It blows my mind how little I know about the comic book world, but it IS kind of amazing to imagine a world where you can log onto Facebook and buy whatever digital copy of a book or comic book you want — instead of having to go to Amazon or Barnes and Noble.