Books-A-Million, Inc. Announces Management Change; Anderson Reappointed CEO

Books-A-Million, Inc. (NASDAQ:BAMM) today announced that Sandra B. Cochran has resigned from her position of President, Chief Executive Officer and Director to accept a position with Cracker Barrel Old Country Store, Inc.

Clyde B. Anderson will continue as the Company’s Chairman and will become the Company’s Chief Executive Officer.

"During her years with Books-A-Million, Sandy has been a valued partner and has worked tirelessly to help our company grow and prosper," Mr. Anderson said. "I wish Sandy the best as she pursues new career challenges, and I look forward to her continued involvement with the Anderson family through her service on the board of American Promotional Events Inc. As Executive Chairman, I have been directly involved with the operation of the Company, and I am excited to be resuming my position as Chief Executive Officer and leading our company to continued success in the years to come."

"I have enjoyed my time at Books-A-Million," Mrs. Cochran said. "While I am excited about the opportunity to return to the Nashville area and join the Cracker Barrel organization, I am proud of the team we have built at Books-A-Million. I know I am leaving a strong franchise in capable and steady hands."

Books-A-Million is one of the nation’s leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates 220 stores in 21 states and the District of Columbia. The Company operates under the trade names Books-A-Million, Books & Co. and Bookland. The common stock of Books-A-Million, Inc. is traded on the Nasdaq Global Select Market under the symbol BAMM.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; uncertainties related to the Internet and the Company's Internet initiative. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included herein do not purport to be predictions of future events or circumstances and may not be realized. Given these uncertainties, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligations to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.