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…

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About jrizzotto0808

My day job as an elementary school teacher in Southern California supports my writing and Harley riding habits. My YA fantasy novel The College of the Crones, recently won an Honorable Mention Award at the Society of Children's Book Writers and Illustrators Southern California 2017 Spring Retreat. My Harley stories have been published in Cold Noon Travel Diaries, Courtship of Winds, Blacktop Passages, Fresh Ink, and The Handlebar Star. When I'm not hitting the keys on my computer, you can find me camping at the beach with my husband, Frank, or holding onto him as we roar down the road on our Harley touring motorcycle.
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