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Thursday, February 28, 2013

BRIEF-Barnes & Noble CEO says Nook Media to self-finance via cost cuts, college business, (NYSE: BKS)

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, generatingcash flow in the Barnes & Noble college business * CEO says taken steps to significantly reduce the costs, overhead in thedigital consumer business, to operate nook media business at a positiveEBITDA * CEO working to have cnook digital content and retailing service in

Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 2.69% or $0.41/share to $15.64. In the past year, the shares have traded as low as $10.45 and as high as $26.00. On average, 1610200 shares of BKS exchange hands on a given day and today's volume is recorded at 1359715.