Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Heard during Barnes & Noble's (BKS +3%) earnings call: 1) Further steps to reduce Nook Media costs will be undertaken with underlying profitability an issue. 2) On the hardware business, the company concedes the market has shifted toward a consumer preference for multi-function tablets away from e-readers and that big players are "resonating" in the market more than B&N. The company will "adjust" quickly. 3) Contrary to news reports, the company says it will not accelerate store closings with 95% of its stores still profitable. A new store concept may be tested. (webcast)