Altheia Research and Management, the hedge fund that seemed to work with Ron Burkle during his attempt last year to win board seats at Barnes & Noble, has again reduced its stake in B&N, to 5.4%. Just before John Malone's Liberty Media made its $17-a-share offer in May, Altheia owned 10.6% of Barnes & Noble stock. "Aletheia appears to be concerned that a higher acquisition offer from Malone or others isn't in the offing, and so the fund is taking its money and running in the opposite direction," the Wall Street Journal said.
Yesterday, while the Dow Jones rose 1.2%, B&N shares fell almost 2%, to $16.90, the first time they have been below $17 since Liberty Media's offer.
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Chapters Bookstore, Pittsfield, Mass., which opened three years ago, just as the financial meltdown started and then has had to weather a disruptive, long-term construction project on its street, is closing, the Berkshire Eagle reported. The store will continue to sell online, focusing on bulk orders for book clubs, schools and others.
Sales early this year were "high," according to CFO Tracy Sheerin, but then dropped 50%-70% after the construction project began.
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Another e-book special!
Open Road Integrated Media has begun a "50 Summer Steals" program featuring 50 e-books priced between 99 cents and $4.99. The deal runs through Tuesday, July 12, and includes "literary fiction, white-knuckle thrillers, narrative nonfiction, or inspiring stories for the soul." Among the titles: The Case of the Lost Boy by Dori Butler, The Eagle Has Landed by Jack Higgins, Damage by Josephine Hart, Lie Down in Darkness by William Styron, The Moviegoer by Wallace Percy and Monkeys by Susan Minot. Each day Open Road will offer videos of books and authors featured in the program. A world map, with links to places where some of the books are set, offers another way to access titles.
Participating retailers are Amazon, Barnes & Noble, Apple, Kobo and Sony. Prices vary among retailers and sometimes aren't discounted. Not all books are carried by all retailers.
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Yesterday, Penguin released the Penguin Classics Complete Annotated Listing app for iPhone, iPod touch and iPad. In addition to featuring annotated descriptions of more than 1,500 Penguin Classics titles, the app challenges readers to test their Penguin Classics knowledge and features a "Discover the Classics" section that lets readers choose which classics they should read based on their interests (or they can give their iPhone a shake and let the app pick a title for them).
The New York Times was particularly impressed by the quizzes: "There are 65 books in the app that have quizzes associated with them so you can test your knowledge of Edith Wharton’s The Age of Innocence ('To what animal does Archer compare May and the rest of Old New York?') or Mark Twain’s Huckleberry Finn ('What do Huck and Jim find inside the floating house?'). The app also has quizzes that ask questions across all 65 titles (you can choose a quiz that takes one, five or 10-minutes long) if you want to relive that comp lit class you took freshman year."
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A 30-year-old man who tried to set off an amateur bomb outside a strip club in 2005 has been arrested for placing two bombs in a Borders store in Lakeland, Colo., over the weekend (
Shelf Awareness, June 27, 2011), the
Denver Postreported.
The suspect was arrested late Saturday for drunken driving and resisted police, who said information received while he was in jail linked him to the Borders bomb case.
In the 2005 case, the man pled guilty and said only that he was "trying to pull a prank." He was apparently planning to bomb other strip clubs.
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Moleskine, the maker of notebooks beloved by writers everywhere and a dependable bookstore sideline, is rolling out a new line that includes pens, pencils, reading glasses, travel bags and storage cases--creating "a lifestyle brand for the urban explorer," as the New York Times put it. The products will be sold exclusively by several retailers, including Bloomingdale's and A.I. Friedman, the art supply store. Displays are tailored to the retailers' markets but always include the notebooks. The new line will expand to other retailers in August.
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Who says nobody reads anymore? The Guardian reported that "many of the highest-profile events at the Edinburgh book festival sold out on the first day of full ticket sales after an unprecedented surge in demand caused chaos for its online booking service.... The website had more than 300,000 hits and the phone lines took 25,000 calls in the first hour of sales, more than double last year's volumes."
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What, no Oprah iBooks? The July iPad issue of O, The Oprah Magazine features an enhanced version of Oprah's annual summer reading list, and iPad users can read exclusive excerpts of 21 of the 28 books featured in the issue. But paidContent.org reported that while readers can buy the titles in-app through Amazon or B&N, "the app doesn't lead to featured titles in the iBookstore because that format doesn't allow in-app purchasing," according to Michelle Shih, O director of digital editions & lifestyle.
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Here's a Shelf Awareness first.
The book proposal trailer of the day: Dumped by Maryjane Fahey and Caryn Beth Rosenthal, a book being repped by Steve Ross at Abrams Artists Agency. The authors have already designed the book, created a website, gotten advance blurbs and enlisted film and acting friends to help create a video giving the basics about this "grown-up guide to gettin' your ass in gear and over your ex in record time."
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"I am sewing these little poems into as much clothes as I can, so that poems can be in everyday life," said Agustina Woodgate in a video featured on Buzzfeed. Woodgate "goes to thrift stores and secretly sews poems inside the clothes."
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If Lord of the Rings was set in Brooklyn. Noelle Stevenson "illustrated a gaggle of endearing hipsterfied LOTR images," io9 reported.
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Effective July 1, Fiell Publishing Ltd. will be distributed by Continental Sales/Innovative Logistics. Fiell was formerly distributed by D.A.P., which will accept returns on Fiell titles it sold through December 31, c/o Perseus Distribution Returns, Jackson, Tenn.