(COMTEX) B: Barnes & Noble Acquires Publisher J. B. Fairfax Internati
B: Barnes & Noble Acquires Publisher J. B. Fairfax International
NEW YORK, Aug 11, 1999 (BUSINESS WIRE via COMTEX) -- Barnes & Noble,
Inc. today announced that it has acquired J. B. Fairfax International
USA, Inc., which includes the Michael Friedman Publishing Group.
The Friedman Group, with its imprints Friedman Fairfax and Metro, is a
niche publisher and packager of high quality illustrated books for the
trade, promotional and general reference markets. The group has
published books in such categories as gardening, interior design and
history, among others. Financial terms will not be disclosed.
"This acquisition will strengthen Barnes & Noble's presence in the
niche publishing marketplace, and provide our customers access to many
more high quality books at affordable prices," said Alan Kahn, chief
operating officer of Barnes & Noble, Inc. "By combining the resources
of the Friedman Group with the expertise of the Barnes & Noble buying
organization, we expect to bring to the market an exciting array of new
titles which will appeal to the broad demographic customer base we have
established."
The Michael Friedman Publishing Group will continue to operate as a
separate company under the direction and leadership of Michael
Friedman.
About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE: BKS) operates 519 Barnes & Noble and 459
B. Dalton bookstores. Barnes & Noble stores stock an authoritative
selection of book titles and provide access to more than one million
titles. They offer books from more than 50,000 publisher imprints with
an emphasis on small, independent publishers and university presses.
Barnes & Noble is one of the world's largest booksellers on the World
Wide Web (http://www.bn.com), and the exclusive bookseller on America
Online (Keyword: bn). barnesandnoble.com has the largest standing
inventory of any online bookseller. Barnes & Noble also publishes books
under its own imprint for exclusive sale through its retail stores,
mail-order catalogs, and Web site.
General financial information on Barnes & Noble, Inc. can be obtained
via the Internet by visiting the company's investor relations Web site:
shareholder.com.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: Barnes & Noble, Inc.
Mary Ellen Keating, Senior Vice President
212/633-3323
mkeating@bn.com
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