Barnes & Noble CEO Steps Down
William Lynch faced big Nook losses
By Matt Cantor, Newser User
Posted Jul 9, 2013 9:05 AM CDT
FILE - In this Oct. 20, 2009 file photo, William Lynch, then president of Barnes &, unveils the "nook" electronic-book reader during a news conference in New York. Barnes & Noble Inc. on Monday,...   (AP Photo/Mary Altaffer, File)

(Newser) – Shortly after news of big losses for Barnes & Noble's Nook, the company's CEO is exiting. William Lynch, named CEO in early 2010, had made the firm's digital business paramount, the Wall Street Journal notes, working on an array of Nook gadgets. Now, however, Barnes & Noble is quitting manufacturing its own color tablets. "Barnes & Noble was too small to compete in the tablet business in a world of giants," says an analyst. A new CEO hasn't been named, but CFO Michael Huseby has been dubbed chief executive of Nook Media LLC and president of Barnes & Noble—both new positions, the Journal reports.

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Showing 3 of 10 comments
Jul 15, 2013 7:05 AM CDT
Read about it on your Nook. What a piece of crap.
Jul 10, 2013 3:24 AM CDT
Challenge accepted, where do I send my resume? Give me one year and I could revive my favorite business, I miss the old brick and mortar and coffee and stuffed chairs : )
Jul 9, 2013 2:19 PM CDT
As long as the NOOK remains a PHONEY tablet*, it will be viewed by all but 2nd graders as a POS. * 1. Can't break out of the "nook universe" 2. Can't access the play store 3. Can't store (except in VERY unusual cases) or download ANY books unless you BUY them from B&N. Of course, the Kindle sucks just as much, but they have better PR. If you don't know how to root a tablet, STAY AWAY FROM BOTH, and buy a REAL tablet.