Barnes & Noble, Dead Nooks, and Brave New Branding

Great reading!

Kristen Lamb's Blog

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The big news in publishing this week is Barnes & Noble’s plan to ax the Nook. After losing over a billion dollars trying to make the Nook a contender, it seems B&N’s new CEO is ready to just cut bait. According to Michael Kozlowski over at Good E Reader:

The NOOK segment (including digital content, devices and accessories) had revenues of $52 million for the 4th quarter and $264 million for the full year, decreasing 39.8% for the quarter and 47.8% for the year. Device and accessories sales were $13 million for the quarter and $86 million for the full year, declining 48.2% and 66.7%, respectively, due to lower unit selling volume. Digital content sales were $40 million for the quarter and $177 million for the full year, declining 36.5% and 27.8%, respectively, due primarily to lower device unit sales.

All I have to say is…OUCH.

I’d like to…

View original post 1,439 more words

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About jrizzotto0808

I'm a writer of fantasy tales and travel stories. My work in progress, The College of the Crones, recently won an Honorable Mention Award at the Society of Children's Book Writers and Illustrators Southern California Spring Retreat. I am the editor of The Handlebar Star, on online publication of the Inland Empire Branch of the Harley Owners Group. My teaching career supports my addictions to camping and riding with my husband on our Harley, named The Black Pearl. I'm also the Vice President and Membership Chair of the Inland Empire Branch of the California Writers Club, where I can find people who understand me.
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