![A World Without Barnes & Noble Would Be a Disaster for Book Lovers](http://s2.storage.snapzu.com/26/bd/d4/c2/dynamite/snaps/ec/bf/152532/thumbs/bf298b71def09492_fpi_large.jpg)
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 it’s going, Barnes & Noble won’t be known as...
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https://newrepublic.com/article/133876/pulp-friction?source=Snapzu
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