Thursday, April 3, 2014

The Economy - Barnes And Noble

In another blow to it's future, Barnes and Noble is losing a major share holder. Liberty Media is reducing its ownership and eliminating some of its rights. This comes on the heels of 10% lower revenue over the last quarter and 50% lower revenue from its e-reader "Nook". Things keep getting worse at the largest "brick and mortar" book seller. As a result, a new round of layoffs and possible closers are expected. Will Barnes and Noble make the transition to the digital age? It seems doubtful.

What do you think?

http://www.csmonitor.com/Business/2014/0403/Barnes-Noble-takes-a-hit-as-Liberty-Media-guts-investment-video