Barnes & Noble's Nook retrenches

02/28/2013 | New York Times (tiered subscription model), The

Revenue at Barnes & Noble unit Nook Media reached $316 million in the quarter that ended Jan. 26, down from $426 million in the same period a year ago. The division reported a $190 million loss, spurring the bookseller to retrench. The company will cut spending on hardware manufacturing and advertising and focus resources on digital content, CEO William Lynch says.

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New York Times (tiered subscription model), The

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