Thread: Rumor: Nook to Exit Android Tablet Business in 2014?
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Old 05-09-2013, 01:20 PM   #26
nesler
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Quote:
Originally Posted by gbm View Post
If the 7 million active subscribers is accurate, the question is why would B&N sell Nook Media LLC.
Because they're losing money on the Nook side of things, while they've been seeing expanding profits in their stores selling physical goods.

Their 2012 3Q report stated that they lost "$190 million versus $83 million the previous year (in earnings before interest, taxes, depreciation and amortization — EBIDTA)."

Source: http://www.digitalbookworld.com/2013...third-quarter/
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