B&N Will Shrink Nook

February 28, 2013

B&N to Shrink Nook Business With sales in its Nook segment falling 26% in the third quarter ended January 31 and an EBITDA loss that increased to $190.4 million from $82.8 million, Barnes & Noble CEO William Lynch said the company is taking "significant actions to begin to right size our cost structure in the Nook segment" and will also take a large write down on Nook devices to try to sell existing inventory. more » B&N Not Accelerating Store Closings Barnes & Noble used its third quarter conference call to try to undo the damage caused by a Wall Street Journal story that said the chain is accelerating its store closings and would close about one-third of its outlets over 10 years. Instead, the company stated its plans to open three to five new stores in fiscal 2014 that begins May 1. more » Penguin Faces June 3 Trial in e-Books Case The U.S. Department of Justice's antitrust litigation for e-book pricing is moving forward on June 3 with Penguin in the defendant's seat alongside Apple, despite Penguin's settlement with the DoJ last December. Yesterday Judge Denise L. Cote signed an order denying Penguin's request to sit out the case and requested an initial witness list by Friday. more » Stranded Booksellers Finally Home After Unofficial Winter Institute 8.5 Booksellers and publishers unexpectedly stranded in Kansas City by a Tuesday storm held an unofficial "Wi8.5" in hotels and local restaurants, before finally heading home Wednesday. According to travel status updates posted on social media, all Wi8 attendees seem to have made it home by now -- or are well on their way. more » Today's Job Assouline Publishing is seeking a Senior Sales Manager. Maybe it's you! For more about this and other jobs, visit PW JobZone. To post a new job, click here. Curtis Brown Buys 50% Stake in Conville & Walsh Curtis Brown, one of the largest literary and talent agencies in the UK, has bought a 50% stake in Conville & Walsh. The move follows the announcement last November of United Agents buying AP Watt, and also mirrors continuing moves among publishers to consolidate power and clout, while sharing resources, expertise and, of course, costs. more » » Pharos Editions Pairs Name Authors With Old Favorites Jonathan Evison and Frank Norris. Matt Groening and Eric Knight. Sherman Alexie and Todd Walton. What do these duos have in common? Pharos Editions, a new imprint from the Seatlle indie, Dark Coast Press. Pharos is dedicated to bringing out-of-print books back into circulation, with the help of big-name authors. The imprint is shipping its first slate of titles in May. more » » Audible and the Center for Fiction Establish Litarary Award on Writing on Illness Audible, Inc.has created a new literary award established in memory of Christopher Doheny, a long-time employee who died on February 20, at age 31, of cystic fibrosis. The Christopher Doheny Award, which recognizes excellence in fiction or nonfiction on the topic of serious illness, will be administered and awarded annually by The Center for Fiction. more » » Job Moves: February 28, 2013 Bob Campbell will retire as senior publisher at Wiley. He has been in publishing for 44 years. Catherine Burke has been promoted to publisher, Sphere Fiction at Little, Brown, effective immediately. She has been with the company for three years. Michael Perlman has been promoted to v-p, director, client sales & services at Simon & Schuster. He joined S&S in 2005 as national accounts manager for Sam's Club and BJ's. At Penguin, Suzie Sisoler has been promoted to senior director of consumer engagement, and will oversee the consumer engagement group formerly known as the online consumer sales and marketing group. Mary Wilcox has been promoted to the newly-created position of v-p and editor in chief of Houghton Mifflin Harcourt Books for Young Readers. more » » THE ROUNDUP Children's Books That Make Adults Squirm: Prepare to answer your child's questions. Most at Risk from Amazon?: Bed, Bath & Beyond. Rare Charlotte Bronte Poem: Expected to fetch up to £45,000 at auction. Russia's Turn Against Nabokov: Beatings in alleys, vandalism, and more in the writer's homeland. David Mitchell's Next Book: A translation by an autistic Japanese writer. VIEW ALL » Authors on the Air Authors on the Air February 28, 2013: Rachel Maddow, Ian K. Smith Rachel Maddow, author of Drift (Crown, 978-0307460981), will be on The Daily Show. Ian K. Smith, author of Shred (St. Martin's, 978-1250035868), will be on Live with Kelly and Michael on March 1. more » » BLOGS PWxyz Blog Matthew White The 10 Most Memorable Superhero Deaths Robin has died...again. What other superheroes have met memorable demises? more » Beyond Her Book Barbara Vey WW Ladies/Men Book Club I can't believe that next Monday starts the week long Anniversary Bash. more » ShelfTalker Elizabeth Bluemle The Return of Ruth Chew! A conversation with Random House's Mallory Loehr on the return of the late, great Ruth Chew! more » Genreville Rose Fox Food in Speculative Fiction Does fantasy deal with food better than SF does? more » PICTURE OF THE DAY A Perfect Match A fan of Kristen-Paige Madonia's Fingerprints of You painted her fingernails to match the cover of the book.

To submit pictures of the day, email pics@publishersweekly.com Send editorial questions about this eNewsletter to: jmilliot@publishersweekly.com Send advertising questions about this eNewsletter to: cbryerman@publishersweekly.com For additional assistance, contact us by email or at the address below. Publishers Weekly, 71 West 23 St. #1608 New York, NY 10010 Phone 212-377-5500 Copyright 2013, PWxyz LLC Email not displaying correctly? View it in your browser. You are receiving this email because you subscribed to a Publishers Weekly e-newsletter. To unsubscribe, click the link below.

Sent to 56652.1234@blogger.com — why did I get this? unsubscribe from this list | update subscription preferences Publishers Weekly · Publishers Weekly · 71 West 23rd Street, Suite 1608 · New York, NY 10010