Things haven't been looking good. Possible savior G. Asset Management only wanted to purchase 51 percent of B&N shares. And, it turns out, reports the New York Post, it doesn't have the financing. Here you can read that coverage.
There was a time when the bookstore, such as B&N and Borders, was a secular sanctuary. We went there to renew our spirit. We knew that if we bought a book there for a friend that person would also feel better. Lots of others had the same idea and the line at the counter would reach way back into the store.
The same was true about the treat of settling in with The New York Times on Sunday. The week before floated away. The week ahead didn't matter. We were one with the great minds who put the paper together.
Now we have computer screens to order books from and profane digital tabloids like Gawker. Perhaps that is why more and more of us have become spiritual pilgrims. During the past two years I have journeyed into the heart of Buddhism and the Society of Friends (Quakers). Sometimes I take the bus to downtown New Haven, Connecticut and sit in the Christian Science reading room. Pope Francis has awakened my interest in Catholicism. Chaucer created his "Canterbury Tales" out of this yearning for peace and enlightenment. Maybe there's something there for 21st century writers too.
Meanwhile a foundation needs to keep B&N and perhaps The New York Times financially solvent.