Nook adds Time, People, Fortune magazines

NEW YORK

Barnes & Noble, Inc. announced Tuesday it has reached an agreement with Time magazine to make all 21 of its U.S. releases available on its color e-reader.

People, Fortune and Sports Illustrated were added to the Nook Newsstand on Tuesday, and InStyle and Entertainment Weekly are expected to join in the next few months.

The Nook has become a favorite among e-reader users, becoming a strong competitor to the iPad.

Sales on the Nook have been especially strong for publications such as Women's Health and Cosmopolitan.

The Associated Press contributed to this report.

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