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Saturday, August 24, 2002

BN Takes Write-off for iUniverse, Others

Barnes & Noble's sales performance is down from a year ago -- no surprise in the current market. As a result the company is writing down certain investments, including some of the money invested in Internet-based self-publishing company iUniverse, Inc.

Investments Not Paying Off at Barnes & Noble. TheStreet.com Aug 22 2002 1:17PM ET

[...]
The company also said it wrote off $14.7 million, or 13 cents a share, in other investments in the second quarter, including iUniverse.com, Book magazine, enews inc. and Indigo Books and Music.
[...]

[Moreover - Book publishing news]



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