And Books Too, a new and used bookstore, is moving across the Snake River to Clarkston, Wash., from Lewiston, Idaho, "sometime before October 1," the store announced. The new location has 1,200 more square feet in space and "wonderful main street visibility with great parking in the back."
The new address is 918 6th St., Clarkston, Wash. 99403.
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Modern Times Bookstore, San Francisco, Calif., is "facing a financial crisis and urgently needs an influx of cash if we are going to be able to pay our bills through the summer," the store wrote in an e-mail. "The cold, hard economic facts are these: We need to sell a certain amount everyday in order to break even on costs--taxes, rent, payroll, utilities, insurance, and new books--and right now we are not doing this."
Modern Times is, as the store put it, "one of the few remaining independent, collectively run, politically progressive bookstores in North America." Besides selling books, it hosts events, has open mics and workshop and aims to be a community center and resource in the Mission District. Modern Times was founded in 1971.
The store worker-owners estimated that if everyone on its mailing list "donated $10 we would raise enough to keep going for 3 months, $20 each would keep us in business for 6 months, donations of between $30 to $100 or more would be enough for us to keep our doors open, hopefully for good." They also suggested that members and customers who couldn't give that much consider smaller donations, all of which "will go directly towards covering the bookstore's costs, and are a part of a larger plan of action and structural change to make the business sustainable in the current economy."
Among other suggestions: supporters can become sustaining or lifetime members, sponsor a shelf, promote the fundraising drive to friends and family, organize fundraisers, "pass the hat at a party," encourage professors and teachers to buy books and have their students buy books at the store, give a Modern Times membership or gift certificate and bring friends to the store.
Mission Local noted that the store nearly closed in 2005 but survived in part by becoming the New College's bookstore.
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As the battle between Barnes & Noble chairman Len Riggio and challenger Ron Burkle for control of the bookseller heats up, Riggio has exercised options to buy 990,740 shares of the company at a strike price of $16.96 (amounting to $16.8 million), according to the Wall Street Journal. The strike price is higher than B&N's share price on the stock exchange (it closed at $15.35 on Tuesday), meaning that Riggio paid a premium of approximately $1.61 a share or about $1.6 million.
By exercising the options, Riggio will be able to vote the shares. His stake in the company is 17.9 million shares, which represents 29.9% of B&N's shares outstanding.
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Many of the first editions and galleys collected by the late Glenn Goldman, founder of Book Soup, West Hollywood, Calif., are being sold at auction, and LA Weekly talked about the collection with a director of the house that has been doing the sales.
Among Goldman's treasure tomes: a first edition of Portrait of the Artist as a Young Man by James Joyce, a first edition of Cup of Gold, John Steinbeck's first book, a signed copy of Richard Avedon's Observations, with commentary by Truman Capote, a signed first edition of Raymond Carver's What We Talk About When We Talk About Love and a galley of Infinite Jest by David Foster Wallace.
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Book trailer of the day: Arsenic and Clam Chowder: Murder in Gilded Age New York by James D. Livingston (SUNY Press).
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This is one of those book stories we love: for breakfast reading today (Pop-Tarts to go?), the New York Times provides an update on The I Hate to Cook Book by Peg Bracken, which was revised and re-published this summer by Grand Central. While sales have been "modest," the iconic cookbook that has sold more than three million copies since first appearing 50 years ago "seems to have found an audience among women yet to embrace the organic, clean-food movement," the Times wrote.
Patricia Bostelman, v-p for marketing at Barnes & Noble, confirmed this diplomatically, saying, "In certain parts of the country, the sustainable food movement books are very popular. In reality, we are selling a number of cookbooks that indicate that people are not eating that way universally."
And Jamie Raab, executive v-p and publisher at Grand Central, commented: "Our mothers all used this book. I think it's in sync with lifestyles today, and also it has charm. When people rediscovered Julia Child, for example, she had such personality. And this book is fun to read."
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You may never become president of U.S., but you can still read like one. The Daily Beast
"culled from newspaper archives and peeks into Air Force One tote bags
for mentions of President Obama's reading preferences," and then
gathered them together as "the entire Barack Obama Book Club."
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On the other hand, the Guardian
explored an all-too-familiar experience for booklovers: "When book
recommendations go wrong. How many times has someone pressed a book on
you 'that you'll love' which you actually loathe?"
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In an opinion piece in the Wall Street Journal, Ron Adner, a professor at the Tuck School of Business at Dartmouth College, and William Vincent, a former book editor at Houghton Mifflin, argued that changes in the industry caused by e-books will lead publishers to include advertising in e-books and that "the old market segmentation of paperbacks and hardcovers will be replaced by ad-supported or ad-free books." Unread books will be less valuable sold than read books, they continued. Authors will be concerned about what ads are in their books. (Duh.) Ad agencies will help come up with a standard form for digital ads. New kinds of contracts will have to be created.
They concluded: "Ultimately, advertising will be a way to monetize that most valuable content of all: consumers' time. In a fitting irony, the technological advancements of the 21st century may see authors returning to the 18th century concept of paying per word. Advertisements may be necessary to save book publishing, but book publishing will never be the same."
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The 32nd annual International Supply Chain Seminar, which takes place Tuesday, October 5, just before the official opening of the Frankfurt Book Fair, focuses this year on the application of new technology to the supply chain for both traditional and digital publications.
Scheduled speakers include Jason Hanley of Google who will talk about Google Editions; Marcus Woodburn of the Ingram Content Group on digital strategy; Scott Lubeck of the Book Industry Study Group on "a supply chain or a supply network?"; Michael Cairns of Information Media Partners on new library models in the supply chain; Hans Willem Cortenraad from the Netherlands' Central Book House, which has been in the digital forefront.
A draft program and a registration form is available at www.editeur.org/3/Events/Event-Details/68. For more information, contact info@editeur.org.