Barnes & Noble to Offer Cheaper Nook

The new version of the eReader will be available this June.

Barnes & Noble announced on Tuesday that it will be offering a new, cheaper Nook, the company’s eReader.

This version will be smaller (6.5 inches by 5 inches), lighter (7.5 ounces) and the device will be available on or around June 10. It also has a touch screen and two months of battery life before needing to be charged.

The new Nook will be able to store about 1,000 books and has an SD card for more memory. The device connects to the Internet through Wi-Fi.

The announcement comes at a time when the bookstore chain is in the middle of finding a new owner. Barnes & Noble was put on the market last summer.

Available for pre-order, the new Nook will cost $139, down significantly from the $249 price tag for the Nook Color version.

The price reduction will allow the Nook to remain competitive with Amazon’s eReader Kindle, which sells for closer to the $139 amount.