which includes the digital and College assets of Barnes & Noble(BKS) including the NOOK device business. Barnes & Noble continues to own the remainder of the business.
In today’s release, the company was careful to note that “As previously announced, there is no set timetable for Barnes & Noble’s review of strategic options for its investment in NOOK Media LLC. There can be no assurance that the review will result in a strategic separation or the creation of a stand-alone public company. Barnes & Noble does not intend to comment further regarding the review unless and until a decision is made. ”
However, we view the company’s repeated mention of the possibility of a stand-alone public company, together with the involvement of John Malone and his Liberty companies, as a strong indication that the division will be spun when market conditions are favorable.
Disclosure: The author holds no position in any stock mentioned
