BAM Will File Late Books-A-Million announced after the close of the market yesterday that they will miss the required Federal filing date for their quarterly 10-Q report for the period ending July 30. They say it is “a result of management’s ongoing evaluation of the Company’s internal control over financial reporting for the second quarter. […]
Lunch for Monday, September 19
King Tops First Round of Auction The online auction for the right to name a character in Stephen King’s forthcoming book CELL yielded a winning bid of $25,100, with proceeds going to the First Amendment Project. The next highest winning bids in the first round of the auction included: Lemony Snicket ($6,350) Michael Chabon ($6,000) […]
Lunch for Friday, September 16
Personnel News Daniel Slager is leaving Harcourt to become editor in chief of Milkweed Editions, starting in mid-October, joining managing director Hilary Reeves as co-leader of the nonprofit literary publisher. Slager was selected from a field of 100 candidates. Before joining Harcourt in 2000, he was an editor at the Grand Street quarterly. Advanced Marketing […]
Lunch for Thursday, September 15
Trying to Save Stores Downtown Washington bookstore Chapters celebrated its twentieth birthday yesterday, but the Washington Post notes the store is struggling to make it to the next birthday. Co-owners Terri Merz and Steve Moyer are pursuing an unusual strategy that could hold lessons for other independent stores: They want to sell the store to […]
Lunch for Wednesday, September 14
Bertelsmann Buys FAZ Imprints Random House continues its international expansion plan with yesterday’s announcement that its German unit, Verlagsgruppe Random House, will acquire the book publishing imprints owned by Frankfurter Allgemeine Zeitung (FAZ). Terms were not disclosed, though Random House’s Jeorg Pfuhl is reported by AFX as saying the three imprints — DVA (Deutsche Verlagsanstalt), […]
Lunch for Tuesday, September 13
Storm Hits BAM Forecasts — And Problems May Run Deep At the end of the day on Friday when traders were long gone Books-A-Million announced it was lowering earnings guidance for the third quarter following poor sales, now projecting a lost of six to nine cents per share instead of one to three cents a […]