Barnes & Noble Decides That Purchased Ebooks Are Only Yours Until Your Credit Card Expires
28th November 2012
That’s because ‘purchased’ e-books are not actually bought, they’re just licensed. (Read the terms of service for B&N — or Amazon, for that matter.) And B&N are stupid people, which is why they’re going broke.
This is why you need to download, jailbreak, and back up any e-books that you ‘purchase’ if you want to keep them.