Friday, May 22, 2009

Books are not Kindle-ing just yet

Barnes and Noble Stamford CT 02 by Monica Arellano-Ongpin (maong) used under a Creative Commons License

I'll grant that there are stick-in-the-muds like me who enjoy physical media, but there are a growing number of people who prefer to buy intangible things such as downloads. This is resulting in some changes in various industries that produce tangible stuff, including booksellers. Well, Barnes & Noble may not sell a lot of newspapers, but apparently they're repositioning themselves to sell something:

Barnes & Noble, the book seller, reported a smaller-than-expected quarterly loss and raised its full-year outlook on Thursday, helped by cost-cutting and better-than-expected sales....

The company said it expected a full-year profit of $1.10 to $1.40 a share, up from an earlier forecast of a profit of 95 cents to $1.25.

More here.
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