News: B&N Buys Fictionwise

i wonder how this is going to play out with mobi pocket books available on fictionwise   B&N Buys Fictionwise; Will Start e-Bookstore by Jim Milliot What kind of role Barnes & Noble will play in the digital future became a little clearer this morning with the retailer's announcement that it has acquired Fictionwise, one of the largest independent e-book retailers, for $15.7 million plus incentives over the next two years for achieving certain performance targets. Fictionwise, which operates the Fictionwise.com and eReader.com Web sites, was founded in 2000 by Steve and Scott Pendergast who will continue to head the company which B&N said it will operate as a separate business unit based in New Jersey. B&N added, however, that Fictionwise is part of its overall digital strategy, which includes the launch of an e-bookstore later this year. Last month, PW reported that B&N had plans to open an e-bookstore sometime in March; the company had no comment at the time. Read on »     Sylvia Hubbard Author, Blogger and Founder of Motown Writers Network http://sylviahubbard.com http://loveablackwoman.com http://motownwriters.com http://michiganliterarynetwork.com http://aaeln.com (African American Electronic Literary Network) http://hubbooks.biz   Author of Romance & Suspense and Internet Marketing for Writers & Business   NOW AVAILABLE: Secrets, Lies and Family Ties order your copy now Coming Soon: Tanner's Devil www.redrosepublishing.com