Aletheia Research and Management, the third-largest shareholder of Barnes & Noble and at times an apparent ally of insurgent shareholder Ron Burkle, has reduced its stake in B&N, Reuters reported. According to a filing yesterday with the Securities and Exchange Commission, Aletheia owns 12.7% of the company. Last month it owned 14%, and earlier this year it owned 15.1%. Aletheia began buying B&N in October 2009.
The move likely reflects Burkle's losses this year in his bids to have representation on the B&N board and his suit against B&N's poison pill provision.
Aletheia said in the filing that it paid $149.8 million for the 7.67 million shares of B&N stock that it still holds, which has dropped in value to about $108.1 million.
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E-readers present a challenge to Orthodox people of the book on the Sabbath. The Atlantic notes that e-readers are "problematic not only because they are electronic but also because some rabbis consider turning pages on the device--which causes words to dissolve and then resurface--an act of writing, also forbidden on the Sabbath." On the other hand, reading printed matter on the Sabbath is kosher.
One Jewish blogger has proposed "a special Kindle that can bypass Sabbath prohibitions by disabling its buttons, turning itself on at a preset time, and flipping through a book at a predetermined clip."
But most Orthodox Jews seem to accept the e-prohibition and will stick to printed books, newspapers and magazines for Sabbath reading. As one rabbi commented sagely: "There's real value in embracing technology. It's just about knowing when to turn it off."
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Congratulations to Valerie Koehler of Blue Willow Bookshop, Houston, Tex., who has won a scholarship sponsored by the Ingram Content Group to attend the ABA's sixth annual Winter Institute January 19-21 in Arlington, Va., Bookselling This Week reported.
Koehler called the scholarship "a wonderful Christmas present! I appreciate Ingram's support of the Winter Institute, as it is always invigorating and inspiring to attend."
Some 35 booksellers attending the Winter Institute have received scholarships, including 31 publisher scholarships announced last month.
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Flavorwire relays the Coen brothers' favorite authors, who include Jim Thompson, Flannery O'Connor, Cormac McCarthy (no surprise!), Homer, Dashiell Hammett and William Faulkner.
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Buzzsugar offers a winter reading list consisting of "15 Books to Read Before They're on the Big Screen," including The Devil in the White City by Erik Larson, The Keep by Jennifer Egan and Team of Rivals by Doris Kearns Goodwin. The site wrote: "Cozy up with one of these books next to a warm fire--plus, you'll be able to claim that 'the book was so much better" before everyone else.' "
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Late in the season, Bloomberg offers five "last-minute gift books for procrastinators."
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It may not come as a surprise that "austerity" topped Merriam-Webster's list of Top Ten Words of the Year, which is determined by the volume of user lookups at Merriam-Webster.com in response to current events and conditions.
"Austerity
clearly resonates with many people," said Peter Sokolowski, editor at
large at Merriam-Webster. "We often hear it used in the context of
government measures, but we also apply it to our own personal finances
and what is sometimes called the new normal."
Slate
examined two key questions sparked by the top word from an economist's
perspective: "So what is austerity, economically speaking? And why did
it become so very prevalent in 2010?"
Merriam-Webster's Top Ten Words of the Year:
- Austerity
- Pragmatic
- Moratorium
- Socialism
- Bigot
- Doppelgänger
- Shellacking
- Ebullient
- Dissident
- Furtive
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"Three Books in Praise of the Clueless Detective"
were suggested by NPR's Anjanette Delgado, who noted that "in an era in
which we're no longer sure of anything--not our own economies, and not
even whether Twitter is a waste of time or the greatest invention since
contact lenses--there's something to be said for stories about hero
sleuths who don't know it all, but will do what it takes to learn."
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"We started down a rather unconventional route for our Christmas card
this year and there was simply no turning back. The pull of the dark
side was just too strong,"
39 Degrees North observed in explaining its video adaptation of Neil Gaiman's poem, "Nicholas was...".
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The
Huffington Post paid tribute to the "big, fat guy in a red suit with a fluffy white beard" by showcasing "
9 Books About the 'Real' Santa Claus and the History of Christmas."
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Effective January 17, Abigail Cleaves will become associate director of publicity of Shreve Williams Public Relations. She formerly was assistant publicity director of the Penguin Press, where she worked five years. Earlier she worked at Holt and Norton.