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Barnes & Noble Stock Falls 12 Percent; Riggio Reflects

Barnes & Noble stock fell almost 12 percent on Thursday following the disclosure of chairman Len Riggio's big sale of 3.7 million shares, reducing his stake to roughly 20 percent (down from 30 percent at the beginning of December). Trading finished at $16.37 a share on heavy volume of 9.4…

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Indies Choice Winners: Atkinson, Marra, Rowell and More

The Indies Choice Award winners (and related ABA-selected E.B. White Read-Aloud Award winners) were named, for formal presentation at BEA. Additionally, indie bookstore benefactor James Patterson will be honored with the Indie Champion Award. The winning books and authors are: Adult Fiction Life After Life, by Kate Atkinson (Reagan Arthur…

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Google Play Continues Growth

Google reported first quarter earnings Wednesday afternoon that were somewhat short of analysts' expectations on both sales and earnings. Our narrow interest in their earnings reports remains the hints regarding their expanding Play store. The category that includes Play results -- "other revenues" -- was up 48 percent compared to…

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Riggio Sells Another Big Piece of Barnes & Noble, Sending Shares Down

Any lingering expectation that Barnes & Noble chairman Len Riggio might still take the company's bookstores private was further dampened Thursday morning by the disclosure that Riggio sold 3.7 million shares of the company's stock. The SEC filing indicates he received the below-market price of $17.30 per share "in a privately…

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Corporate: A Wiley Acquisition; and Job Cuts At RH Children's UK and Weltbild

Wiley announced another sizable acquisition, agreeing to pay $175 million in cash to purchase French-based learning solutions provider CrossKnowledge, which focuses on leadership and managerial skills development. The deal is expected to close on May 1. Wiley has been investing heavily in their professional development division, and acquired a related…

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People, Etc.

Deborah Aaronson has joined Phaidon as vp, group publisher, reporting to recently-hired ceo Keith Fox. Aaronson, most recently vp, publisher for the adult trade group at Abrams, where she spent the past 14 years, will work out of the company's New York office. "I am thrilled that Deb has joined…

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Simply, Liberty Media Took the Money

Liberty Media filed their required disclosure with the SEC subsequent to their previously announced sale of 91 percent of their preferred shares in Barnes & Noble to "qualified institutional investors." Their motives are pretty clear from the filing: Liberty received $250.7 million for the shares, after investing $204 million in…

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NYC Stores: Rizzoli Closes This Week, Village Shakespeare & Co. Said to Face Lease End

Rizzoli Bookstore on New York's 57th Street will close at the end of the day on April 11. The store reports that they "have been scouting out new locations in Manhattan, and are delighted to report that we have seen several very promising spaces." They add that they "are looking…

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Liberty Media Backs Away from Barnes & Noble

One-time Barnes & Noble financial savior (and potential acquirer) Liberty Media is moving on, announcing Thursday morning that it is selling the bulk of its preferred shares in the bookseller. Liberty says it "has sold the majority of its shares to qualified institutional buyers" with the sales expected to settle…

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People: Tamblyn Promoted, and More

Kobo chief content officer and member of the founding executive team Michael Tamblyn has been promoted to the additional title of president. In the expanded role, Tamblyn will have "responsibilities for sales, publisher and industry relations, content acquisition, and the merchandising experience across Kobo's E Ink eReaders, Android tablets, and…

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