Another Manager Departs Nook Media
Jacqueline Corso, the former general manager for Nook accessories, has reportedly left the company, or at least that’s what sources told Publisher’s Lunch on Friday. This story has not been confirmed by B&N, but Mary Ellen Keating did beat around the bush when contacted by PL:
"We’ve been very clear about our focus on rationalizing the Nook business and positioning it for future success and value creation. As we’ve aligned Nook’s cost structure with business realities, staffing levels in certain areas of our organization have changed, leading to some job eliminations. We’re not going to comment specifically on those eliminations. We believe we have a strong management team in place at Nook, having recruited significant new talent. The new Nook management team is focused on managing the business efficiently so that it becomes financially strong while at the same time aggressively moving to drive revenue growth."
As a general rule Barnes & Noble has declined to respond to any specific questions concerning the string of departures, which started with Jamie Iannone’s departure in December 2013. Reports have circulated that other senior managers, including Jim Hilt, Bill Saperstein, Nook Press head Avi Golan, and Nook Media CTO Ravi Gopalakrishnan, have left Nook Media as well, though at this point the last 2 departures have yet to be confirmed or denied by B&N.
Given B&N’s silence on the subject, it’s difficult to guess which of the reports are true. While I would like to conclude all the reports are true (especially the ones I found first), there’s just no data to go on.
Aside from one or two leaks, I do not expect to have any solid new data until the end of the month. B&N is scheduled to release their quarterly statement in the last week of February, and I expect any changes to be announced at the same time.
P.S. I have one or two hints concerning Nook Media’s new direction, but there’s nothing I can report just yet.