R.R. Donnelley & Sons Co.’s second-quarter profit more than tripled, beating expectations, following prior-year charges as revenue increased more than expected. Get the full story »
Inside these posts: Books
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Barnes & Noble reviews sale; Riggio may bid
Barnes & Noble, the world’s largest specialty bookseller, said it was reviewing a possible sale as its board believes its shares are significantly undervalued. Barnes & Noble shares soared 21 percent after the company announced formation of a special committee of four independent directors to consider all options for increasing shareholder value.
Shareholder Leonard Riggio has told the board he would consider being part of a wider investor group that could buy the company. Get the full story »
Inquiry opened on e-book pricing
Connecticut Attorney General Richard Blumenthal is investigating deals struck by Amazon.com Inc. and Apple Inc. to offer low prices on electronic books, saying the agreements may block rivals from providing attractive pricing.
Earlier this year, Amazon and Apple worked out a “most favored nations” deal with major publishers, ensuring rival booksellers would not be able to work out an even lower price, Blumenthal said. Get the full story »
July 29, 2010 at 2:04 p.m.
Filed under: Consumer electronics, Consumer news, Retail, Technology, Updated, Wireless Amazon offers $139 Kindle for mass appeal
Amazon.com launched a cheaper, wireless-only Kindle Wednesday, betting that the $139 price will turn its latest electronic reader into a mass-appeal device as Apple Inc’s iPad gains ground.
The world’s largest online retailer and leading e-reader seller also revealed its third generation Kindle, some 21 percent smaller and 15 percent lighter than the previous version, but still priced at $189.
Amazon does not give sales figures for the Kindle, but said last week that its growth rate tripled after it cut its price on the device from $259 and said e-books were outselling hardcover books. Apple has said it sold more than 3 million iPads, starting at $499, since the product was introduced in April. Get the full story »
Borders launches online e-book store
Borders Group Inc. has launched its e-bookstore as it tries to catch up to competitors who have a head-start in a small but growing market that’s seen as the future of the book industry.
The company said Wednesday its goal with the new store and e-reader is to take 17 percent of the electronic book market by next July. Amazon has the Kindle e-reader and Barnes & Noble Inc. has the Nook, and all the players are cutting prices to woo buyers.
July 1, 2010 at 7:08 a.m.
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Filed under: Amazon cuts price on Kindle DX
Online retailer Amazon.com Inc. said Thursday it is introducing a new version of its higher-end Kindle at a lower price as competition among electric-book readers intensifies. The large-screen reader with free 3G Wireless will be sold for $379. That’s down more than 22 percent from $489 than the price on the previous high-end version. Get the full story »
Amazon raises royalties offer for Kindle books
Amazon.com said Wednesday it is now offering do-it-yourself authors and publishers royalties of about 70 percent on their e-books. The online retailer in January had announced plans to offer users of its e-book self-publishing program, the Kindle Digital Text Platform, book sale royalties of 70 percent after delivery costs. Get the full story »
Borders CFO takes chief operating officer job
Borders Group Inc. Chief Financial Officer Mark Bierley is taking on the additional role of chief operating officer, the latest change to the U.S. bookseller’s upper management ranks. Bierley, who joined Borders in 1996 and became CFO last year, will oversee Borders’ information technology, supply chain management, strategic planning and other duties, the company said Friday. Get the full story »
