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Archives for June 2010

Barnes & Noble Drops, Amazon Stops

June 30, 2010
By Michael Cader

The clobbering of Barnes & Noble’s stock continued yesterday after our post following their conference call, down over 19 percent for the day on trading volume more than four times higher than usual. It was the largest one-day drop in the bookseller’s shares since November 2001. At current prices that leaves the company’s market capitalization […]

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ePublishing: Kindle's 70 Percent Royalty Begins; Toshiba eStore Powered by Blio to Launch Soon; Google Looks to Indies and Analyst Looks to Android Tablets

June 30, 2010
By Michael Cader

Amazon announced that their 70 percent royalty offer to authors and publishers using their self-service digital text platform and agreeing to a variety of conditions on pricing, availability and features is now available. (The offer currently applies only on sales to US customers.) They say that they have improved the platform itself as well, including […]

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People, Etc.

June 30, 2010
By Michael Cader

Rachel Vogel has joined Movable Type Literary Group as associate agent and international rights manager. She was at Lippincott Massie McQuilken. She’ll specialize in upmarket fiction and narrative non-fiction. Mary Glenn has been promoted to associate publisher for McGraw-Hill Professional’s business group. Moises Martinez has been promoted to director, Spanish language sales at Random House, […]

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Waterstone's Sales Decline 6.3% for the Year. As Profit Evaporates

June 30, 2010
By Michael Cader

Waterstone’s parent HMV reported good sales for the overall group for fiscal 2009, reaching a new high of 2.017 billion pounds, though “the one area of disappointment was in the financial performance” of the bookselling unit. At 513.6 million pounds for the year, Waterstone’s sales fell 6.3 percent, as operating profit was just 2.8 million […]

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Stock Market Turns On Barnes & Noble As Executives Detail Strategy

June 29, 2010
By Michael Cader

Following Barnes & Noble’s fourth quarter loss and prediction of more losses in the year ahead driven by their investments in technology, investors unloaded on the company’s stock in morning trading. On very heavy volume, the booksellers’ shares were down as much as 17 percent in the first hour of trading, touching levels not reached […]

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eDeals: Symtio Sold to Libre Digital; Overdrive Adds Disney and Partners with Internet Archive, As IA Invents Their Own Rules for Lending Older Titles As eBooks

June 29, 2010
By Michael Cader

Zondervan has sold the technology and infrastructure behind their Symtio business to LibreDigital (in which Zondervan parent HarperCollins is also an investor). The sale covers “the Symtio e-commerce technology, existing e-commerce contracts and applications, and key e-commerce staff,” but not Symtio’s retail card business, which the release says ” Zondervan is in negotiations to sell […]

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