Barnes & Noble To Split Into Two Companies
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.
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.