Over the past weeks we’ve only heard bad news related to Barnes & Noble, as their profits and revenues were announced and they dropped quite a bit. Also, the entire Nook lineup was canned, as far as I know. To follow that we’ve got today the resignation of Barnes & Noble CEO, William Lynch.

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It’s possible that the failure of the Nook may have caused this move. The Nook HD slates couldn’t compete with their Amazon counterparts and devices like the iPad or Nexus 7 and even the recent price drops didn’t help much. Amazon was cruel enough to also drop prices in order to speed the demise of the Nook and have all the market for itself.

As the CEO left, now Michael P. Huseby has become chief executive of Nook Media and president of Barnes & Noble in its entirety. The new boss joined the company in 2012 as CFO and wil now work together with Mitchell Klipper, CEO of Barnes & Noble retail group to keep the company floating. Sad times for e-reading industry!

  • Clive Mclean

    Honestly I won’t shed a tear for Nook. In my opinion the points of differentiation of your product/device need to be more substantial than just having the ugliest tablet on the market. B&N device assumed it could compete toe toe to with better positioned and better marketed tablets with the handicap of those buffed bezel that makes it look like a cheap picture frame. Attempting to leverage services over value proposition is to my mind ultimately a failing economic model for selling tablets though it may be a reasonable means of increasing service revenues. Ultimately Amazon will fail to compete in share tablet sales too and would be better served leveraging their services on all devices with a software emphasis. So Bon voyage Nook, I guess you will meet the Game Cube in the cemetery of the dead and ugly.

  • Tadb123

    I have five other tablets, including the mighty Ipad 3, and like the display on my Nook HD+ the best. I’m sorry to see it go. I’m also not a fan of the tablet’s exterior design, but it’s not like they hired some grade school kids to design it. I understand it was an award winning artist, but like a lot of art, many people won’t understand or like it. The specialized interface that totally conceals the Android OS and “dumbs down” the tablet for a small child to use was a major factor in their demise. It only brought in the e-reader crowd, not the tablet market. Their addition of Google Play was the smartest thing management did, but unfortunately it was too little, too late. Amazon has done a similar thing with their interface, and I believe it’s a similar mistake; but Amazon has the staying power to hang in there, and their aggressive pricing has helped. It’s like their CEO said a few months ago, that they’re just breaking even on their tablets. What kind of success is that?