Barnes & Noble CEO Resigns as Company Struggles

Barnes & Noble announced Monday that CEO William Lynch has resigned, as the ailing bookseller struggles to find its place in a rapidly changing industry. Lynch is departing after a three-year tenure in which Barnes & Noble was battered by the shift away from brick-and-mortar bookstores to e-commerce and digital products. The company has tried to compete in the tablet market with the likes of Amazon's Kindle and Apple's iPad, but sales of its Nook tablets have disappointed, falling 34 percent in the most recent quarter.