B&N Leadership Change May Signal Refocusing on Physical Book Retailing

Barnes & Noble allowed CEO William Lynch to resign a couple days ago after the Nook business suffered a massive loss over the holiday quarter. Lynch was the driving force of the Nook business and rather than replace him, they’ve put the Nook business in the hands of the company’s CFO, Michael Huseby. Hard to interpret that as anything but deemphasizing the ebook business in anticipation of spinning it off for sale, especially with the founder, Len Riggio, taking over at the top and talking about getting back to the basic bookstore business. More at Reuters.

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