More Opnion re: Barnes & Noble Sale

From Self Publishing 2.0: "Barnes & Noble made a serious bid at the eBook reader business with their Nook, but it was fatally flawed from the inception, at least as far as the 700 retail superstores were concerned. An eBook reader doesn’t tie readers to a bricks-and-mortar store, it frees them. If Barnes & Noble could reorganize around their website and eReaders, fire ten thousand plus employees and make all that real estate go away, it’s probable that their enterprise value would be higher. But it’s not easy to fire all those people and get rid of all that real estate, whether it’s financed or leased, without going through bankruptcy. And since bankruptcy is rarely in the interest of the stockholders, the board has their hands tied and can choose between running a failing model and selling the company to somebody who can make changes. They seem to be taking the latter path."