Two bits of news crossed the wire this morning, neither of them good for traditional publishing. First, Barnes&Noble has
reportedly put their publishing arm, Sterling Publishing, up for sale, a company it bought in 2009 for $115 million. Sterling produces puzzle, game, and crafts books for kids and adults. Not as big a deal as it sounds, but it still points to a reduced interest in paper-based sudoku.
Second, B&N is mulling the spin-off of the Nook business, a move that will shelter the burgeoning e-pub business and, more important, pull it out of the listing ship that is B&N proper. The company reported a loss of $6.6 million this quarter, down about half from last year, but the Nook business has thus far been quite lucrative, leading the company to “pursue strategic exploratory work to separate the NOOK business.”
CLICK HERE to read the full article on Tech Crunch.
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