NEW YORK: Why buy a bookstore? John Malone, who made a fortune in cable television, is offering US$1 billion for Barnes & Noble - trying to jump into a business so sick that its No. 2 competitor, Borders Group Inc., is on life support.
The difference is that Malone and his Liberty Media conglomerate aren't betting on the books-and-mortar past, analysts say, but the promise of the electronic future.
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