Barnes & Noble reported first quarter results that were mostly below analysts’ expectations, but showed strong growth in the Nook business and for the first time broke out the entire digital reading segment. The Nook segment–including content, devices and accessories–totalled $277 million for the quarter, with BN saying digital content sales quadrupled over the year. They say the Nook business comprised $880 million last year (and $123 million in 2010), and “is expected to double this year to $1.8 billion.” That news, and projections of smaller losses and much better EBITDA thanks to the Liberty Media investment sent Barnes & Noble […]
