February 28, 2013 / 3:36 PM / 5 years ago

BRIEF-Barnes & Noble CEO says Nook Media to self-finance via cost cuts, college business

Feb 28 (Reuters) - Barnes & Noble Inc : * CEO confirms ”ongoing discussions between (riggio) and the strategic

committee of the board” * CEO says plan is for nook media to self-finance by managing costs, generating

cash flow in the Barnes & Noble college business * CEO says taken steps to significantly reduce the costs, overhead in the

digital consumer business, to operate nook media business at a positive

EBITDA * CEO working to have cnook digital content and retailing service in

approximately 10 countries by summer * Barnes & noble stores exec says “not the case” chain is accelerating store

closings * Barnes & noble stores exec says 95 percent of stores are profitable, no plans

to close any of these

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