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Barnes & Noble Tumbles as Worsening Nook Business Hurts Results

  • Digital content sales plunge 28 percent to $37 million
  • Retailer spun off college bookstore division last month
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Barnes & Noble Inc. fell the most in almost 14 years after posting a $34.9 million first-quarter loss, hurt by sharply declining sales in its Nook e-reader business.

The net loss widened to 68 cents a share from a loss of $28.4 million, or 56 cents, a year earlier, the New York-based company said in a statement Wednesday.