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The two top bookstore chains are considering a merger. Barnes & Noble is weighing bidding for Borders Group, but investors wonder whether a combination of the two could pass antitrust scrutiny.
Borders saw sales decline 2 percent in the most recent quarter, and reported a net loss of $157 million in 2007, writes BusinessWeek. The company said in March that it was considering selling all or part of the company.
B&N COO Mitchell Klipper told analysts the company would certainly consider an acquisition. A report in the Wall Street Journal yesterday said the company had assembled a team to study such a deal.
30 people representing private equity firms and other potential buyers have signed or are likely to sign confidentiality agreements to view Borders’ finances, according to the report.
Whether B&N would be allowed to purchase Borders would come down to just how national the book market has grown. Because of competition from Amazon.com, and the significant growth of book sales by retailers like Wal-Mart and Target, the FTC would be likely to let the deal go through, some believe.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
