Barnes & Noble CEO William Lynch Resigns
RENEE MONTAGNE, HOST:
In NPR's business news, Barnes & Noble turns a page.
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MONTAGNE: The CEO of the nationwide bookseller has resigned. William Lynch's exit comes just two weeks after Barnes & Noble announced it was shelving its goal of becoming a player in the tablet business. The company is now phasing out some of its Nook products. Lynch has a tech background, and as CEO focused his attention on the Nook digital business. But the quarter that just ended showed huge losses for the digital devices.
Barnes & Noble has done well selling e-books. When it comes to fancy tablets though, it had a hard time competing against big technology companies, like Apple and Samsung.