If you were depressed about the Barnes and Noble bid, here’s some news to cheer you – though it is in England and not here.

A Russian billionaire bought the famed English bookseller for 53 million pounds.

The founder of Daunt’s Books, James Daunt, was installed as managing director and given a directive to refocus Waterstone’s as a local community bookshop.

What a thought! Focus on becoming part of the community and on selling books.