It’s been a strange week for Barnes & Noble.
 
The company released another disappointing earnings report in which the bleeding at Nook looks as bad as ever. At the same time, the company seemingly abandoned its plans to split to the disappointment of Wall Street (see below).
 
To top it all off, the company conducted a bizarre earnings call in which its management seemed to ignore the reality of the company’s situation. Its new priority? To sell more content. That should fix things.
 
According to one commentator, the company’s unwillingness to accept facts and talk about change “is disappointing.”
 
Read more.
 
 

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The rest of the day’s top news:
 
What B&N Should Do (The Street)
While it may be a little too late following yesterday’s announcement that Barnes & Noble chairman chairman Len Riggio will no longer be seeking to acquire the retail segment of the company, investors still want to see the company split. Nook is described as an “albatross” around the neck of the retail division. Funny how one of the reasons for last year’s financial maneuvers creating the Nook …read more

Via: Digital Book World