| EXCERPT FROM THE SF CHRONICLE: BAY AREA BOOKSELLERS FEAR LOSING BUSINESS AS CHAINS BUY INDIE STORES, KEEP THEIR OLD NAMES "Barnes & Noble CEO James Daunt says he bought the nine-store Bay Area Books Inc. for a simple reason: The company had filed for bankruptcy, and he didn’t want to see the bookstores close.  “It’s a mystery that, throughout my professional life, many many wonderful bookstores have gone out of business,” Daunt said. “Since I am in a position to do something about it, I do.” While Daunt’s $3.2 million purchase of the West Coast’s oldest independent bookstore chain may have preserved stores from shuttering, the deal has roiled the tight-knit world of independent Bay Area booksellers, a group of bookstores that is among the strongest and most influential in the country." Read the full article here. |