The Nook business ain't what it used to be.
Barnes & Noble announced yesterday that it expects a higher loss from its Nook business for fiscal 2013, which ends in April. The company didn't reveal specific numbers, but its EBITDA (earnings before interest, taxes, depreciation, and amortization) showed a loss of $262 million for fiscal 2012.
B&N expects overall annual sales from the entire Nook Media business to be less than $3 billion. The Nook business itself includes the tablet, an e-book reader, accessories, and digital content such as books and movies. The Nook Media business … Read more