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Following reports earlier this year that Barnes & Noble may be sliding away from producing its own Nook hardware, the outfit's CEO has just stepped away from his corner office. Announced in a series of shuffles, William Lynch has resigned as chief executive officer and director of the company effective immediately, while Michael P. Huseby has been appointed CEO of the Nook Media division (as well as president of B&N as a whole).
The firm also announced that vice president Allen Lindstrom was being subsequently promoted to CFO, reporting to Huseby. Moreover, Kanuj Malhotra -- VP of corporate development, has been promoted to CFO of Nook Media. Chairman Leonard Riggio thanked Lynch for his leadership during an era where B&N emerged as a real rival to Amazon in the reader / tablet market, while the man himself said that he "appreciated the opportunity to serve as CEO over the last three years." As for his immediate plans? Kicking back on the shores of Ocracoke and reading a book... on a Nook, of course.Source: Barnes & Noble
Barnes & Noble and Microsoft's mutual appreciation is getting a lot more real. The duo issued a joint announcement today, marking the completion of Nook Media LLC, a "strategic partnership" made up of the bookseller's digital and college wings. The news comes after a $300 million investment in the pairing. Further plans for Nook Media are vague at the moment, as the companies note, "There can be no assurance that the review will result in a strategic separation or the creation of a stand-alone public company." Until such key things are decided, B&N for one doesn't plan on elaborating. You can find a bit more, however, in the press release after the break.
Continue reading Barnes & Noble and Microsoft complete Nook Media LLC partnership
Filed under: Tablets, Internet, Microsoft
Barnes & Noble and Microsoft complete Nook Media LLC partnership originally appeared on Engadget on Thu, 04 Oct 2012 11:14:00 EDT. Please see our terms for use of feeds.
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