Barnes & Noble continues to suffer–but the pain is coming from their shiny new growth business that isn’t really growing that much. The company said after the close of the market on Wednesday that “based on current forecasts” it “now expects its fiscal year 2013 Nook segment EBITDA loss to be greater than it was in fiscal 2012 and expects fiscal year 2013 Nook Media revenues to be less than $3 billion.” Just over a month ago, when reporting lower than expected Nook sales, BN had reduced sales expectations for Nook Media (which combines Nook and BN College) to “approximately […]
