Barnes & - Noble Weighs Its Nook Losses - NYTimes.com

Unhappy news for Nook Media investors including Microsoft ($600M) and Pearson ($90M)

"The problem was not so much the extent of the losses, but what the losses might signal: that the digital approach that Barnes & Nobles has been heavily investing in as its future for the last several years has essentially run its course.
A person familiar with Barnes & Nobles’s strategy acknowledged that this quarter, which includes holiday sales, has caused executives to realize the company must move away from its program to engineer and build its own devices and focus more on licensing its content to other device makers."

Barnes & - Noble Weighs Its Nook Losses - NYTimes.com