DOCSLIB.ORG

Barnes & Noble Or the Comp

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Barnes & Noble Or the Comp Andrew M. Winston INFO 677 Executive Summary Barnes & Noble, Inc. Barnes & Noble, Inc. (Barnes & Noble or the Company), ―the nation’s largest bookseller‖ operates in two industry segments: (1) B&N Retail, which includes both the Company’s bricks-and- mortar bookstores and its e-commerce website, barnesandnoble.com, as well as its operation of Sterling Publishing Co., Inc., a general trade book publisher; and (2) B&N College, the college bookstore business operated by its wholly-owned subsidiary, Barnes & Noble College Booksellers, LLC. Leonard S. ―Len‖ Riggio, the Company’s intense, mercurial founder and Chairman, built the Barnes & Noble enterprise from a single college bookstore he bought at age 24, and continues to drive the Company’s strategy. In 2010, Barnes & Noble appointed a CEO with an e-commerce background, William Lynch, to pursue a digital strategy for the Company, as well as subordinate executives focused on digital textbooks, digital products, and e-commerce. However, the Company’s EVP, Textbooks and Digital Education, left in October 2010 after only six months, and the Company does not appear to have replaced her, or announced who will now be in charge of Textbooks and Digital Education. In August 2010, the Company announced that it would consider selling itself. Multiple potential acquirors exist, including an investor group led by Riggio. However, if the Company were sold to another buyer, Riggio, and possibly Lynch, would likely have no involvement in its management, and would therefore not be in a position to pursue the Company’s e-book strategy. A buyer for the Company could be selected in the first quarter of this year. Until resolution about a sale is reached, there will be significant uncertainty about the Company’s long-term leadership and strategic direction. The Company faces some financial challenges, although it appears to be more or less sound. Significantly, the Company has access to over $620 million of unused availability under its revolving credit facility. Although the Company has indicated a strategic commitment to its e-reader and to e- books, and has substantial resources available for those purposes, uncertainty about whether and to whom the Company will be sold, and the effect a sale transaction would have on its strategic direction and available cash and borrowings, particularly if assets of the Company are leveraged to help pay the sales price, make it difficult to predict how the Company will deploy its capital in the near term. The $9.23 billion college textbook market is expanding, with e-textbook sales expected to double by 2012, and has attracted retail booksellers like the Company, Amazon, and Borders, as well as Apple and Kno (maker of a sophisticated dual-screen e-textbook reader that allows electronic note-taking). Pilot programs have shown that basic e-readers like Amazon’s Kindle and, presumably, Barnes & Noble’s NOOK (given its similarity to Kindle), are not well-suited for use with e-textbooks—in contrast with Apple’s iPad, which has tested well, and Kno’s e-reader. While well-positioned in the e-textbook market by virtue of its existing ―click and mortar‖ college bookselling operations, which combine physical bookstores and online access, its existing online bookstore for e-books, and NOOKstudy, its free e-textbook and study application for PCs and Macs, Barnes & Noble does not offer an e-reader that is well-suited for e-textbook use. The Company could, however, leverage its existing market position, sales channels, and brand recognition through a strategic alliance with a tablet computer maker—which presents a significant opportunity for Motorola’s new XOOM tablet, as it is competitive with the iPad and shares its advantages for e-textbook use. Motorola Mobility should evaluate a potential relationship with Barnes & Noble regarding e-textbook delivery via XOOM, and if approved, make an overture to the Company. 1 Andrew M. Winston INFO 677 Company Profile Barnes & Noble, Inc. 122 Fifth Avenue New York, NY 10011 (212) 633-3300 www.barnesandnobleinc.com (Barnes & Noble, Inc. corporate website) www.barnesandnoble.com (barnesandnoble.com llc website) www.bncollege.com (Barnes & Noble College Booksellers, LLC website) Barnes & Noble, Inc. (Barnes & Noble or the Company) bills itself as ―the nation’s largest bookseller‖ and ―a leading content, commerce and technology company that provides customers easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform.‖ Barnes & Noble was incorporated in the state of Delaware in 1986, and is a public company, with shares of its common stock traded on the New York Stock Exchange. Leonard Riggio, the Company’s founder and Chairman, and Stephen Riggio, its Vice Chairman, are brothers and as of May 1, 2010 together owned or controlled approximately 32% of the Company’s outstanding capital stock. The Company views its business as being comprised of two operating segments: (1) B&N Retail, which includes (a) the Company’s retail operations in stores; (b) the operations of barnesandnoble.com llc (B&N.com), a wholly-owned subsidiary of the Company, which operates Barnes & Noble’s well- established retail website, its e-bookstore, and its e-reader business; and (c) the business of Sterling Publishing Co., Inc., a general trade book publisher; and (2) B&N College, which includes the college bookstore business of Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of the Company that was acquired in 2009. Below are selected key facts about the Company’s business. Key officers: B&N Retail Key officers Leonard S. Riggio Chairman Stephen Riggio Vice Chairman William J. Lynch, Jr. Chief Executive Officer Mitchell S. Klipper Chief Executive Officer, Retail Joseph J. Lombardi Chief Financial Officer Christopher Troia Chief Information Officer Other officers who may John Foley President, eCommerce be relevant to e-text Jamie Iannone President, Digital Products business Jeff Day VP & CTO, B&N.com Bill Saperstein VP Digital Products Hardware Engineering Tracey Weber EVP Textbooks & Digital Education Kevin M. Frain EVP eCommerce Operations B&N College Key officers Leonard S. Riggio Chairman Max J. Roberts President 2 Andrew M. Winston INFO 677 Bill Maloney Executive Vice President Patrick Maloney Executive Vice President Barry Brover Chief Financial Officer Stephen Culver Chief Information Officer Selected financial Barnes & Noble’s fiscal year ends on the Saturday closest to the last day of April. For information (dollars in the fiscal year as of and ending May 1, 2010, Barnes & Noble reported the following thousands): figures. Except where noted, amounts shown are for Barnes & Noble on a consolidated basis, which incorporates results from B&N.com, B&N College, and other subsidiaries. Sales Barnes & Noble stores $4,320,303 B&N.com $572,763 B&N College $836,458 Other $81,040 Total sales $5,810,564 Gross profit $1,676,745 Net earnings $36,644 Total assets $3,705,686 Total current liabilities $1,724,408 Total long term liabilities $1,077,910 Number of stores: B&N Retail B&N College 720 637 Number of employees: B&N Retail B&N College Approximately 35,000 Approximately 5,000 Key competitors: Key competitors of B&N Retail include Borders Group, Books-A-Million, Waldenbooks, Amazon.com, Apple, Wal-Mart, and Costco. B&N Retail also competes with other retailers that sell books and the expanding e-book market. Key competitors of B&N College include Follett, Chegg.com, and independent college bookstores. E-bookstore, e-reader, In July 2009, the Company launched what it claims is one of the world’s largest e- and e-text products: bookstores, with more than one million e-books, electronic newspapers, and magazines, accessible via a number of digital platforms, including the NOOK, the Company’s e- reader, launched in October 2009; the iPad; the iPod touch; the iPhone; certain BlackBerry and Motorola smartphones; and laptop and desktop computers. In addition, B&N College offers a free e-textbook and study application for PCs and Macs called NOOKstudy, and already offers thousands of textbooks in e-book format. SIC Codes and NAICS SIC Codes NAICS Codes Codes for the 2731 – Books publishing 45121 – Book stores & news dealers Company: 2732 – Book printing 451211 – Book stores 2741 – Miscellaneous publishing 451220 – Prerecorded tape, compact 3652 – Prerecorded records and tapes disc, & record stores 5192 – Books, periodicals, & 454111 – Electronic shopping newspapers 511130 – Book publishers 5735 – Record & prerecorded tape stores 5942 – Book stores 3 Andrew M. Winston INFO 677 References Barnes & Noble College Booksellers, LLC (n.d.). Leadership. Retrieved January 30, 2011 from http://www.bncollege.com/about_leadership.aspx Barnes & Noble, Inc. (2010a). Barnes & Noble annual report 2010. Retrieved January 30, 2011 from http://www.barnesandnobleinc.com/documents/bn_annual_report_2010.pdf Barnes & Noble, Inc. (2010b). Form 10-K for the fiscal year ended May 1, 2010. Retrieved January 20, 2011 from http://forinvestors.barnesandnobleinc.com/secfiling.cfm?filingID=1193125-10-151360 Barnes & Noble, Inc. (2010c). Form 10-Q for the quarterly period ended October 30, 2010. Retrieved January 30, 2011 from http://forinvestors.barnesandnobleinc.com/secfiling.cfm?filingID=1193125-10-277471 Barnes & Noble, Inc. (n.d.a). Management team. Retrieved January 30, 2011 from http://www.barnesandnobleinc.com/our_company/management_team/management_team.html Barnes & Noble, Inc. (n.d.b). NOOKstudy by Barnes & Noble. Retrieved January 21, 2011 from http://www.barnesandnoble.com/nookstudy/college/index.asp?cds2Pid=37196 Hoover’s, Inc. (2011, January 25a). Barnes & Noble College Booksellers, Inc. Hoover’s Company Records – In-depth Records. Retrieved January 30, 2011 from LexisNexis Academic database. Hoover’s, Inc. (2011, January 25b). Barnes & Noble, Inc. Hoover’s Company Records – In-depth Records. Retrieved January 30, 2011 from LexisNexis Academic database. Hoover’s, Inc. (2011, January 25c). Barnesandnoble.com llc. Hoover’s Company Records – In-depth Records.
Load more

Recommended publications
  • The Retail Sector on Long Island Overlooked… Undervalued… Essential!
    The Retail Sector on Long Island Overlooked… Undervalued… Essential! A Preliminary Report from the Long Island Business Council May 2021 Long Island “ L I ” The Sign of Success 2 | The Retail Sector on Long Island: Overlooked, Undervalued, Essential! Long Island Business Council Mission Statement The Long Island Business Council (LIBC) is a collaborative organization working to advocate for and assist the business community and related stakeholders. LIBC will create an open dialogue with key stakeholder groups and individuals to foster solutions to regional and local economic challenges. LIBC will serve as a community-focused enterprise that will work with strategic partners in government, business, education, nonprofit and civic sectors to foster a vibrant business climate, sustainable economic growth and an inclusive and shared prosperity that advances business attraction, creation, retention and expansion; and enhances: • Access to relevant markets (local, regional, national, global); • Access to a qualified workforce (credentialed workforce; responsive education & training); • Access to business/economic resources; • Access to and expansion of the regional supply chain; • A culture of innovation; • Commitment to best practices and ethical operations; • Adaptability, resiliency and diversity of regional markets to respond to emerging trends; • Navigability of the regulatory environment; • Availability of supportive infrastructure; • An attractive regional quality of life © 2021 LONG ISLAND BUSINESS COUNCIL (516) 794-2510 [email protected]
    [Show full text]
  • Timeline 1994 July Company Incorporated 1995 July Amazon
    Timeline 1994 July Company Incorporated 1995 July Amazon.com Sells First Book, “Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought” 1996 July Launches Amazon.com Associates Program 1997 May Announces IPO, Begins Trading on NASDAQ Under “AMZN” September Introduces 1-ClickTM Shopping November Opens Fulfillment Center in New Castle, Delaware 1998 February Launches Amazon.com Advantage Program April Acquires Internet Movie Database June Opens Music Store October Launches First International Sites, Amazon.co.uk (UK) and Amazon.de (Germany) November Opens DVD/Video Store 1999 January Opens Fulfillment Center in Fernley, Nevada March Launches Amazon.com Auctions April Opens Fulfillment Center in Coffeyville, Kansas May Opens Fulfillment Centers in Campbellsville and Lexington, Kentucky June Acquires Alexa Internet July Opens Consumer Electronics, and Toys & Games Stores September Launches zShops October Opens Customer Service Center in Tacoma, Washington Acquires Tool Crib of the North’s Online and Catalog Sales Division November Opens Home Improvement, Software, Video Games and Gift Ideas Stores December Jeff Bezos Named TIME Magazine “Person Of The Year” 2000 January Opens Customer Service Center in Huntington, West Virginia May Opens Kitchen Store August Announces Toys “R” Us Alliance Launches Amazon.fr (France) October Opens Camera & Photo Store November Launches Amazon.co.jp (Japan) Launches Marketplace Introduces First Free Super Saver Shipping Offer (Orders Over $100) 2001 April Announces Borders Group Alliance August Introduces In-Store Pick Up September Announces Target Stores Alliance October Introduces Look Inside The BookTM 2002 June Launches Amazon.ca (Canada) July Launches Amazon Web Services August Lowers Free Super Saver Shipping Threshold to $25 September Opens Office Products Store November Opens Apparel & Accessories Store 2003 April Announces National Basketball Association Alliance June Launches Amazon Services, Inc.
    [Show full text]
  • Digital Book Production Standardization Is Key
    Digital Book Production Standardization is Key Melissa Dillon Workflow/Process Manager, Global Electronic Operations—Books 1 Challenges • Meeting market needs for electronic products. • Creating designs that provide high-quality print books and high-quality electronic products. • Understanding the relationship between design and platform rendering. • Acknowledging the limitations of e-workflows. • Recognizing that content needs to be available in numerous file formats. • Increasing efficiency to make content quickly available to markets. 2 Design is Critical Need to find a balanced aesthetic solution for print to electronic. • The design process needs to be linked directly to the development of content and incorporate all elements. • The challenge is to create a design that will carry through to the EPUB and Mobi files to give the best viewing experience on all readers. • It is important to consistently style elements (headings, boxes, tables) so they will render the same when the CSS is applied. • The CSS (Cascading Style Sheet) controls the aesthetics and how the content will render in the eBook and on platforms. eBook limitations for designing content must be considered to retain the overall style structure for digital formats. Limitations include: • Content being displayed in single column format. • Content is reflowable based on device and user settings. • End users choosing font and adjusting size of font on readers. 3 High-Level Production Workflow 4 Pathway to XML and ePub Design Manuscript PDF page proof XML ePub 5 Print-Only, Shared, and E-Only Content Print-Only Content Shared Content E-Only Content • Content is coded in • Content is coded in • Content is coded the XML the XML in the XML • Appears only in the • Appears in both print • Appears only in printed version and electronic electronic versions versions, such as eBook/ePub and on platforms “Supplemental” Files • Content is not coded in the XML • It will not appear in most electronic versions, such as NOTE: The smallest item for print- ePub/eBook or on only or e-only is a paragraph.
    [Show full text]
  • Faulkner's Wake: the Emergence of Literary Oxford
    University of Mississippi eGrove Honors College (Sally McDonnell Barksdale Honors Theses Honors College) 2004 Faulkner's Wake: The Emergence of Literary Oxford John Louis Fuller Follow this and additional works at: https://egrove.olemiss.edu/hon_thesis Recommended Citation Fuller, John Louis, "Faulkner's Wake: The Emergence of Literary Oxford" (2004). Honors Theses. 2005. https://egrove.olemiss.edu/hon_thesis/2005 This Undergraduate Thesis is brought to you for free and open access by the Honors College (Sally McDonnell Barksdale Honors College) at eGrove. It has been accepted for inclusion in Honors Theses by an authorized administrator of eGrove. For more information, please contact [email protected]. Faulkner’s Wake: The Emergence of Literary Oxford Bv John L. Fuller A thesis submitted to the faculty of The University of Mississippi in partial fulfillment of the requirements of the Sally McDonnell Barksdale Honors College. Oxford April 2005 Advisor; Dr. Judson D. Wafson -7 ■ / ^—- Reader: Dr. Benjamin F. Fisher y. Reader: Dr. Andrew P. D^rffms Copyright © by John L. Fuller All Rights Reserved 1 For my parents Contents Abstract 5 I The Beginnings 9 (4Tell About the South 18 A Literary Awakening 25 II If You Build It, They Will Come 35 An Interview with Pochard Howorth 44Football, Faulkner, and Friends 57 An Interview with Barry Hannah Advancing Oxford’s Message 75 An Interview with Ann J. Abadie Oxford Tom 99 An Interview with Tom Franklin III Literary Grounds 117 Works cited 120 Abstract The genesis of this project was a commercial I saw on television advertising the University of Mississippi. “Is it the words that capture a place, or the place that captures the words?” noted actor and Mississippi native Morgan Freeman asked.
    [Show full text]
  • On the Interoperability of Ebook Formats
    It is widely seen as a serious problem that European as well as international customers who have bought an ebook from one of the international ebook retailers implicitly subscribe to this retailer as their sole future ebook On the Interoperability supplier, i.e. in effect, they forego buying future ebooks from any other supplier. This is a threat to the qualified European book distribution infrastructure and hence the European book culture, since subscribers to one of these of eBook Formats ebook ecosystems cannot buy future ebooks from privately owned community-located bricks & mortar booksellers engaging in ebook retailing. This view is completely in line with the Digital Agenda of the European Commission calling in Pillar II for “an effective interoperability Prof. Christoph Bläsi between IT products and services to build a truly digital society. Europe must ensure that new IT devices, applications, data repositories and services interact seamlessly anywhere – just like the Internet.” Prof. Franz Rothlauf This report was commissioned from Johannes Gutenberg University Johannes Gutenberg-Universität Mainz – Germany Mainz by the European and International Booksellers Federation. EIBF is very grateful to its sponsors, namely the Booksellers Association of Denmark, the Booksellers Association of the Netherlands and the Booksellers Association of the UK & Ireland, whose financial contribution made this project possible. April 2013 European and International Booksellers Federation rue de la Science 10 – 1000 Brussels – Belgium – [email protected]
    [Show full text]
  • The Edge, Spring 2003
    Eastern Michigan University DigitalCommons@EMU Alumni News University Archives 2003 The dE ge, Spring 2003 Eastern Michigan University Follow this and additional works at: http://commons.emich.edu/alumni_news Recommended Citation Eastern Michigan University, "The dE ge, Spring 2003" (2003). Alumni News. 200. http://commons.emich.edu/alumni_news/200 This Article is brought to you for free and open access by the University Archives at DigitalCommons@EMU. It has been accepted for inclusion in Alumni News by an authorized administrator of DigitalCommons@EMU. For more information, please contact [email protected]. SPRING2003 A publicatio1 lor alumni and lri1nds ol lastentMichigan Universilv Gettin downt bu sine Talking strateuv11f AdvancementVP Stu INSIDE: • EMU homecomin1upllate • campus dilital maleovers- • New Sludentunion ll'Oiect l:------------------�--=���S_PR_I_G__N 20_ 0 ___3 �------------�--------- I I I I Ci!iMU.MiMay 19 - Faculty Seminar Se- CB·folnt%Mli ries at EMU - Monroe, 1555 S. l:.ve1ygeneration of EMU Raisinville Rd., Monroe, students and alumni has · challenges to deal with. Il ow Mic· h ., 6 :30 - 8 p.m. "N egouat- we handle those challenges ing Win-Win Relationships in l • adi·ngOff helps define us. the Workplace" presented by e With the University now Dr. Sally McCracken. Cost: About our new look facing financial challenges $15. R.S.V.P. to 734.487.0250 due to the state's decision to May 29 - Grand Rapids, Mich., cul several million dollars alumni reception, 6-8 p.m., an d OU r new ffllSSIOD. from its appropriation, it's up Amway Grand Plaza. Cost: • • to us to respond to the needs $10.
    [Show full text]
  • Scrip Order Form
    St. Thomas Aquinas SCRIP ORDER FORM Thank you! Your support is greatly appreciated! Please remember that we can sell only the amounts listed on the order form. Name:_______________________________________________Phone:___________________Date:_______________ Check# :_________________Amount:__________________ * Please make checks payable to: St. Thomas Aquinas * Filled by__________NEEDS:________________________________________________________________________ Retailer Profit Card Qty. Total Retailer Profit Card Qty. Total (c.o.a.) = certificate on account for Amount (c.o.a.) = certificate on for Amount school account school $5.00 $100 Claire’s $0.90 $10 All Seasons Gutter/New All Seasons Gutter/Topper $10.00 $100 Cold Stone $0.80 $10 Creamery American Eagle Outfitters $2.00 $25 Courtyard/Marriott $6.00 $50 Applebees $2.00 $25 Critter $0.50 $10 Nation(Dyvig’s) Arby’s $0.80 $10 Barnes & Noble/B. Dalton $1.00 $10 Derry Auto (c.o.a.) $1.00 $25 Barnes & Noble/B. Dalton $2.50 $25 Derry Auto (c.o.a.) $2.50 $50 Bath and Body Works $1.30 $10 Derry Auto (c.o.a.) $5.00 $100 Bath and Body Works $3.25 $25 Dillard’s $2.25 $25 Bed, Bath and Beyond $1.75 $25 Dress Barn $2.00 $25 Best Buy $0.50 $25 Express $2.50 $25 Best Buy $2.00 $100 Fareway $0.50 $25 Big Time Cinema (Fridley’s) $1.00 $10 Fareway $1.00 $50 Borders/Waldenbooks $0.90 $10 Fareway $2.00 $100 Borders/Waldenbooks $2.25 $25 Fairfield Inn/Marriott $6.00 $50 Build-A-Bear $2.00 $25 Fazoli’s $1.75 $25 Burger King $0.50 $10 Finish Line $2.50 $25 Cabela’s $3.25 $25 Flower Cart (c.o.a.) $1.25 $25 Carlos O’Kelly $0.90 $10 Foot Locker $2.25 $25 Casey’s $0.30 $10 Fuhs Pastry $1.00 $10 Casey’s $0.75 $25 Gap/Old $2.25 $25 Navy/Banana Republic Casey’s $1.50 $50 GameStop $0.75 $25 Cheesecake Factory $1.25 $25 Gerber’s (c.o.a.) $2.50 $50 Chili’s/Macaroni Grill/On the $2.75 $25 Gerber’s (c.o.a.) $5.00 $100 Boarder Chuck E.
    [Show full text]
  • We Help Our Friends Grow We Want to Help You Make More Meaningful Connections Through: PRINT Online • Social Media Partnerships • Email Marketing
    2021 Media Kit Inspirational Art, Crafts & Lifestyle Magazines We Help Our Friends Grow We want to help you make more meaningful connections through: PRINT Online • Social Media Partnerships • Email Marketing A Somerset Holiday Art Journaling Art Quilting Studio Belle Armoire Jewelry GreenCraft In Her Studio Mingle Somerset Studio Willow and Sage & Special Editions 2 About the Publisher When it comes to the art of crafting, no one does it better than Stampington & Company. — Mr. Magazine™ Samir Husni Since 1994, Stampington & Company has been a Leading Source of Information and Inspiration for Artists and Crafts Lovers, Storytellers, and Photographers Around the World Known for its stunning full-color photography and step-by-step instructions, the company’s magazines provide a forum for both professional artists and hobbyists looking to share their beautiful handmade creations, tips, and techniques with one another. Our community loves to immerse themselves in our magazines. These magazines are meant to be curled up with, kept in libraries as a resource to reference, and to share years later with friends and family. The enthusiasm of our readers doesn’t end here. Our community loves to blog and post pictures across social media from a wide range of channels, showing off our exclusive stories and soul-stirring photography. Our Social Profile 100K+ Facebook fans 94K+ Instagram followers 2.7m Pinterest monthly viewers 25K+ Twitter followers Media Kit 3 What’s Inside This media kit contains a wealth of information. Take a moment to read each of our publication descriptions and audience information to find the perfect advertising venue for your products.
    [Show full text]
  • E-Books on the Mobile E-Reader
    Mobile Information Systems 9 (2013) 55–68 55 DOI 10.3233/MIS-2012-0148 IOS Press E-books on the mobile e-reader Chulyun Kim, Ok-Ran Jeong∗, Jaehyuk Choi and Won Kim Department of Software Design and Management, Gachon University, Seongnam, Korea Abstract. The market for e-books has been established during the past several years. Many e-book readers are commercially available, and millions of e-book titles are available for purchase or free download. E-paper technology has matured enough to be used as the screen for dedicated e-book readers which make reading possible with the familiar feel of reading printed books. In this paper, we provide a comprehensive review of the status of the e-book, including the architecture and features of e-book readers, market adoption and e-book industry ecosystem. Keywords: E-book, e-paper technology, e-book reader, e-book industry ecosystem 1. Introduction A book organizes texts and images. As texts and images can be stored and retrieved from computers in digital form, the emergence of e-books is only natural. An e-book (electronic book) is a book that is stored in digital form and read on a mobile e-book reader. There are two types of e-book reader: a dedicated e-book reader (such as Amazon’s Kindle, Sony’s PRS Reader), and a multi-function computing device (such as a PC, a tablet computer, a PDA, a smart phone). (Henceforth, we will use the term “e-book reader” to mean either type where a distinction is not necessary.) Figure 1 shows an Amazon Kindle e-book reader.
    [Show full text]
  • Borders Release
    Melbourne - 05/06/08 - 9:00pm A&R Whitcoulls to acquire Borders assets in Australia, New Zealand and Singapore Key facts A&R Whitcoulls will acquire the Borders assets and the use of the Borders trade marks in Australia, New Zealand and Singapore Total transaction valued at up to A$110 million The proposed acquisition has already received approval from the ACCC and NZCC A&R Whitcoulls Group Holdings (NZX: ARW; “A&R Whitcoulls Group”) today entered into an agreement with Borders Group Inc (“Borders Group”) for the acquisition of 30 Borders Stores in Australia, New Zealand and Singapore. Under the agreement, A&R Whitcoulls Group will gain exclusive rights to use the Borders trademarks in Australia, New Zealand and Singapore. The transaction has been approved by the Australian Competition and Consumer Commission (“ACCC”) and the New Zealand Commerce Commission (“NZCC”). A&R Whitcoulls Group Managing Director, Ian Draper, said that the Borders business is complementary to the Company’s existing assets, offering a different format from Angus & Robertson in Australia and Whitcoulls in New Zealand. “Borders’ experience-based model invites customers to browse books, magazines, music and DVDs, with cafes in most stores. It’s a model which has proven popular in the local market, and targets a different demographic with its premium format and wide range of products.” The transaction is valued at up to A$110 million and is expected to be finalised next week. “The acquisition creates a strategic footprint for the group which comprises different formats and provides a foundation for growth and innovation. We are pleased to bring these businesses together and excited about the opportunities presented by this transaction,” said Mr Draper.
    [Show full text]
  • 2008 Newsmakers of the Year
    20080105-NEWS--0001-NAT-CCI-CD_-- 12/31/2008 5:24 PM Page 1 ® www.crainsdetroit.com Vol. 25, No. 1 JANUARY 5 – 11, 2009 $2 a copy; $59 a year ©Entire contents copyright 2009 by Crain Communications Inc. All rights reserved Inside Michigan banks get Detroit Lions redo business playbook The 2010 Buick LaCrosse sedan is short end of TARP one of three new production vehicles Page 3 GM is expected to unveil at the auto show. Treasury avoiding state, some bankers say Inland Pipe acquires a national presence BY TOM HENDERSON lar Inc. bank got $935 million. (It was announced on NAIAS CRAIN’S DETROIT BUSINESS Dec. 29 that Detroit-based GMAC Financial Services Page 3 L.L.C. would receive $5 billion but that money is not With the deadline for federal approval fast ap- included for this story because GMAC is not a tradi- proaching, a summary of Michi- tional bank.) gan-based banks that have received One other state bank was ap- Local companies scope out greener, funding from the U.S. Treasury as proved for funding but declined $3B defense contract part of the Troubled Asset Relief the offer of $84 million — Mid- Program is short and, from the per- $172 billion land-based Chemical Financial Page 17 spective of local bankers, not so Of TARP funds distributed to Corp. leaner sweet. 208 banks nationwide in the Many national and large re- The Treasury has set a deadline first round gional banks that have branches of Jan. 15 for approving applica- in Michigan have been approved This Just In tions still pending.
    [Show full text]
  • The New Books - Electronic and Portable Tihomir Stefanov1, Milena Stefanova2
    The New Books - Electronic and Portable Tihomir Stefanov1, Milena Stefanova2 Abstract –The report presents the status and prospects of A. Advantages: development of the book. A research study on current formats and devices for publishing, reading and exchange of electronic - Lower contents price: no printable technologies required books has been carried out. for its production; - Space economy – small size and weight irrespective of the Keywords – Books, Electronic Books, Digital Rights book volume; Management, Tablet. - Unlimited quantity –- the reader can carry about 17 000 headings at a time; I. INTRODUCTION - Unlimited circulation – no extra charges on additional issues, no old stock quantities of printed books; The electronic book is an electronic version of the - The electronic books are not liable to natural wear and traditional printed books. It can be read on a personal tear; computer, a mobile device or a specialized electronic reading - Nature conservation – it is a lot nicer to read an electronic device. The e-Book (electronic book) as a concept is also used book under the shade of a tree, rather than have it printed out to signify an electronic reading device for books in an of wood-fibre. electronic format. - Interactive approach – the possibility of combining text 1965 is considered to be the year when the development of with graphics, animation, sound, as well as book search; electronic publishing took off, and Theodor Nelson laid the - Possible content update without the need of replacing the foundations of the hypertext, which was later on established book. as a basic format for online text saving. Launched in 1963, In reference to e-Book advantages, the analysis specialist Theodor Nelson developed a model for creation, and by using Michael Ashley published an article in Gizmodo, where he the linked content he coined the terms "hypertext" and pointed out the five most important reasons why authors will "hypermedia" (first published reference 1965[2]).
    [Show full text]