ASG parent company Source Interlink’s owner (and Tony Hawk supporter) Ron Burkle has just announced that his Yucaipa Cos owns an 8.5 percent stake in Barnes & Nobel, according to a story on Bloomberg.com.
Burkle intends to monitor Barnes & Noble’s performance and consider the option to discuss strategic opportunities with the company’s board or executives, according to a regulatory filing today. The stake makes Burkle, 56, the fourth-largest shareholder of Barnes & Noble, based on data compiled by Bloomberg.
Wonder if one of those strategic opportunities will be cutting all competing magazine titles (TransWorld, Storm Mountain Publishing, etc. . . ) from the magazine racks in the bookseller’s stores? Burkle definitely knows how to leverage his assets so you never know.
[Link: Bloomberg.com]
