Saturday, April 14, 2012
That Didn't Take Long
From an article by Jeffrey A. Trachtenberg in the The Wall Street Journal:
"Barnes and Noble Inc. bore the brunt of Wednesday's antitrust settlement between the U.S. government and three major book publishers, losing 6.4% of its market value on Thursday alone and tumbling 17% this month.
Those market worries reflected the broad sentiment in the publishing world that Amazon.com Inc is likely to emerge a far stronger competitor in the fast-growing e-book business now that it once again will be able to discount digital books...."