The weak economy is hurting booksellers in more ways than one. 
Not only are consumers saving the money they would have spent on books (and music) for things like, oh, food. They also are hearing less about books on radio and television as the media focus on the economic crises instead.
“The economic news is still dominating the media and we don’t see that letting up right now,” Barnes & Noble CEO Steve Riggio told analysts.
The book industry had planned for there being less attention on books during the presidential campaign and publishers cut their offerings in September and October, Riggio said. But they did not also expect the economic downturn to take the spotlight.
Barnes & Noble same-store sales fell 7.4 percent in the third quarter and the company also posted a wider-than-expected loss.
(Reuters photo)
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