From The Digital Reader:
If you waterboard a Book People you might be able to get them to discuss what might happen _if_ Barnes & Noble goes bankrupt: it will be bad for old guard publishers.
What you won’t hear them say is that the current trend toward digital is going to make B&N obsolete as a bookseller (instead, they’ll assume static system), or that the current mismanagement renders any discussion of B&N’s future moot.
The Book People at Publishers Weekly, for example, continue to ignore the writing on the wall, instead reporting:
During its annual meeting held Tuesday morning at its flagship store in New York City, Barnes & Noble chairman Len Riggio supported its new CEO, Demos Parneros who was named to his current role in April.
During the meeting, Riggio called Parneros “the perfect fit” to help the company grow its top line and improve profits. Observing that Parneros “has brought lots of energy to the company,” Riggio said he is looking forward to watching the executive over the next few years, noting that Parneros shares his vision and will revive B&N “store by store.”
The thing about Parneros is that in his first quarter at the head of B&N, revenues fell by 6.6%. That is not entirely his fault, but his plans for turning around Barnes & Noble amounted to six paragraphs of buzzword bingo. This does not inspire confidence in the man, and that should make you wonder why Riggio is so certain about Parneros ability to help B&N rise from the ashes.
Link to the rest at The Digital Reader