Barnes & Noble Nook Division Is Sinking

Barnes & Noble’s not doing as well as they hoped with its Nook business, which includes the e-book reader, the tablet, and digital content such as movies, books and accessories. B&N announced yesterday that they’re expecting a major loss for its Nook Business in 2013. Although they haven’t announced any numbers just yet, before interest, taxes, depreciation and amortization, the company will lose more than $262 million, which is more than the loss they had in fiscal 2012. Barnes & Noble is planning to announces its Q3 earnings next week.

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