Business

Barnes & Noble to separate retail, Nook Media

By MAE ANDERSONMICHELLE CHAPMAN
Published June 25, 2014 4:28pm ET
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Barnes & Noble to separate retail, Nook Media
FILE - In this Friday, June 21, 2013 file photo, customers look at Nook tablets at a Barnes & Noble store in Pineville, N.C. Barnes & Noble on Wednesday, June 25, 2014 said it wants to split its retail bookstores and Nook media business into two separate public companies as it looks to boost shareholder value. (AP Photo/Chuck Burton, File) | Chuck Burton

NEW YORK (AP) — Barnes & Noble hopes to survive by splitting in two.

The largest U.S. brick-and-mortar bookseller, beset by tough competition from online retailers like Amazon and discount stores like Wal-Mart, said Wednesday that it plans to split off its Nook e-reader division as it looks to boost shareholder value.

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