Barnes & Noble Inc. moved closer to breaking up the largest U.S. bookstore chain after its chief executive officer resigned and it named a manager with a history of spinning off units to its most senior position.
Barnes & Noble Inc. promoted Michael Huseby, who has served as its chief financial officer and president, to chief executive officer as the chain struggles to retain customers increasingly shifting to digital books.
Barnes & Noble Inc.’s move to shelve a breakup plan for now steps up pressure on the biggest U.S. bookstore chain to stem losses at its e-book division and hatch a new plan for coping with the shift toward digital publications.
Bud Mayo, the cinema executive who led small exhibitors into digital and 3-D, said he’s interested in buying Cablevision Systems Corp.’s Clearview theaters, which would quadruple his screens and plant a flag in New York.
Madison Square Garden will welcome the New York Knicks tonight into an arena with premium seating suspended from the roof, a pair of 600-square-foot video screens at the entrance and 18 fully renovated luxury suites, the results of a $1 billion makeover.
Carmike Cinemas Inc., after more than doubling in price this year, is still the cheapest theater chain in America for rivals looking to acquire more movie screens and boost earnings from popcorn and ticket sales.