Barnes & Noble To Split Into Two Companies

The company says it is separating its profitable retail bookstores from its weak Nook digital operation. Nook has lost $700 million in its e-reader and e-book business in the past two years.

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DAVID GREENE, HOST:

NPR's business news starts with a goodbye to Nook. All right, the giant book retailer Barnes & Noble is splitting in two. The company says it is separating its profitable retail bookstores from its weak Nook digital operation. Nook has lost $700 million in its e-reader and e-book business over the past two years. Microsoft will invest in the new Nook media as it tries to catch up to digital book leader Amazon.

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