Barnes & Noble Projects $1B In Digital Revenue, 25% Market Share By 2013

Barnes & Noble 's recently appointed CEO (and former BN.com President) William Lynch this morning sent a long letter to all of its shareholders in connection with the company’s Annual Meeting, which will be held on September 28. The company has been embroiled in litigation with private equity firm Yucaipa after the firm’s CEO Ron Burkle recently challenged the company’s stockholders rights plan. In the wake of a nasty proxy battle , B&N published the letter in an effort to detail its strategy to grow its business and to create shareholder value. Interestingly, Lynch shares a lot of information and numbers about its current and expected future business.