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Barnes & Noble to drop its Nook app for Windows in revised Microsoft deal
We hope you weren't too attached to the Nook app for Windows, because it's going away -- well, sort of. Barnes & Noble's Nook Media subsidiary and Microsoft have amended their partnership with terms that let Nook Media stop distributing its Windows e-book software. The company won't leave bookworms completely stranded, though. Instead, it will steer them toward "Microsoft Consumer Reader;" ZDNet believes this is a previously rumored e-reading app that will support both Nook content as well as generic text. The updated pact also lets Nook Media scrap progress on a Windows Phone app, although that's not as big a loss when the client hasn't reached the public. We don't yet know how the revised deal will affect Windows-bound Nook fans, but let's hope that Microsoft does a good job of picking up any slack.
Barnes & Noble CEO William Lynch steps down; Michael Huseby appointed CEO of Nook Media
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.
Pearson buys a small stake in Nook Media, wants a fast track for digital education
Publishers often want to work closely with e-book outlets -- possibly a little too closely -- but it's rare that they involve themselves directly. Pearson is taking that uncommon step by making a 5 percent, $89.5 million investment in Nook Media, the joint venture between Barnes & Noble and Microsoft. Some of the reasoning won't be made public until Barnes & Noble provides holiday sales results on January 3rd, but Pearson is clear that it's furthering its online education plans: it wants Nook Media's distribution skills to make a "seamless and effective experience for students." Just when we'll see this harmony is still up in the air, though. Nook Media has yet to outline what Microsoft's partnership means for e-books and e-readers, let alone how Pearson factors in. We're not expecting a sea change until companies start speaking up.
Barnes & Noble and Microsoft complete Nook Media LLC partnership
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.
