Barnes & Noble chairman Len Riggio bought another 890,000 shares of company stock last week, according to an SEC filing. He paid an average price of $26.42 to $27.37 each, which amounts to at least $23.5 million.
Riggio, who has been buying B&N stock on the open market regularly during the past year as the stock price has slid, now owns about 14.3 million shares of B&N, worth some $390 million. Last summer, he owned 13 million shares, which, because of the company's higher stock price, were worth $500 million.
"Eulogy for an Independent Bookstore" was the headline for Jessica Teich's essay in the Nation, which added another voice to the chorus of regrets over the closing of Dutton's Brentwood in Los Angeles.
a lot of LA writers, I had a book-signing at Dutton's, a
Sunday afternoon event flush with kids and cookies and good will," Teich wrote. "My
6-year-old daughter accompanied me, and as I signed copies of my book,
she signed books too. Only they weren't my books she was signing. They
were whatever books--Yeats or Bukowski or Sandra Boynton--happened to
be lying nearby. To this day, there might be a copy of Dickens or Roth
with my daughter's signature scrawled hopefully, mistakenly, on the
title page. That was Dutton's too."
owner of All for Kids Books & Music, Seattle, Wash., will close her
bookstore "on June 30 unless a buyer comes forward," according to the Post-Intelligencer.
a lot of work for very little income," said Haslet, who is not actively
trying to sell the bookshop. "If someone walks in with a check and they
have the energy to put into it, I will consider it."
added that she "felt freer knowing that book buyer Rene Kirkpatrick, an
icon in her own right, would land on her feet. Kirkpatrick, whose
encyclopedic knowledge of children's books made her a go-to resource
for parents, teachers and librarians, starts work May 5 at Third Place
A pair of literary film adaptations continue rack up awards, this time in the always prestigious catchphrase category. USA Today
reported that the annual HollyWORD survey by the Global Language
Monitor named "Call it, Friendo"--Javier Bardem's "coin-flipping
catchphrase" from No Country for Old Men--the top catchphrase of the year, followed by Daniel Day-Lewis's "I drink your milkshake" in There Will Be Blood.
Suggesting that "enlightenment in the U.S. has always come at a price," the Guardian's John Crace dares to question Oprah Winfrey's judgment in touting her latest book club pick, mega-seller The New Earth
by Eckhart Tolle: "You can't help feeling, though, that the one person
who will really benefit from Oprah's largesse is Tolle, as U.S.
booksellers struggle to keep up with demand."