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Title: Pulp Friction
Author: Alex Shephard
Narrator: Derek Shetterly
Format: Unabridged
Length: 5 mins
Language: English
Release date: 06-14-16
Publisher: New Republic
Genres: Newspapers & Magazines, News & Culture
Summary:
Even by the standards of the ailing book publishing industry, the past year has been a bad one for Barnes & Noble. After the company spun off its profitable college textbook division, its stock plunged nearly 40 percent. Its long-term debt tripled, to $192 million, and its cash reserves dwindled. Leonard Riggio, who turned the company into a behemoth, has announced he will step down this summer after more than 40 years as chairman. At the rate its going, Barnes & Noble wont be known as a bookseller at all - either because most of its floor space will be given over to games and gadgets, or, more ominously, because it wont even exist.
"Pulp Friction" is from the July/August issue of The New Republic.
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