Malone predicts a "profitable presence" for B&N, Nook

05/24/2011 | Wall Street Journal, The

Liberty Media Chairman John Malone said it was the potential of the Nook e-reader as well as the physical presence of Barnes & Noble's national network of stores that led to his company's surprise bid last week to acquire the company. "I've been a Barnes & Noble customer myself for many, many years," he said. "The stores will shift around, but there will be a physical presence for a long, long time to come, and it will be a profitable presence."

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