Barnes & Noble Announces Senior Leadership Changes

  Barnes & Noble Announces Senior Leadership Changes

                     William Lynch Resigns as Company CEO

                Michael Huseby Appointed CEO of NOOK Media LLC

           Allen Lindstrom Named Corporate Chief Financial Officer

Business Wire

NEW YORK -- July 8, 2013

The Board of Directors of Barnes & Noble, Inc. (NYSE: BKS) today announced
that William Lynch has resigned as Chief Executive Officer and director of the
Company effective immediately. The Company also announced the following
organizational changes: Michael P. Huseby has been appointed Chief Executive
Officer of NOOK Media LLC and President of Barnes & Noble, Inc. Max J.
Roberts, Chief Executive Officer of Barnes & Noble College will continue to
lead the digital education strategy and report to Mr. Huseby, as will the
Executive Management team of NOOK Media. Mr. Huseby and Mitchell Klipper,
Chief Executive Officer of the Barnes & Noble Retail Group, will report
directly to Leonard Riggio, Executive Chairman of Barnes & Noble, Inc.

The Company also announced that Allen Lindstrom, Vice President and the
Company’s Corporate Controller, has been promoted to Chief Financial Officer
of Barnes & Noble, Inc. He will report to Mr. Huseby. Kanuj Malhotra, Vice
President of Corporate Development, has been promoted to Chief Financial
Officer of NOOK Media LLC.

“We thank William Lynch for helping transform Barnes & Noble into a leading
digital content provider and for leading in the development of our
award-winning line of NOOK® products including NOOK Simple Touch™, NOOK Simple
Touch Glowlight™, and NOOK® HD and NOOK® HD+ ,” said Leonard Riggio, Chairman.
“As the bookselling industry continues to undergo significant transformation,
we believe that Michael, Mitchell and Max are the right executives to lead us
into the future.” Mr. Riggio added that the Company is in the process of
reviewing its current strategic plan and will provide an update when
appropriate.

“I appreciate the opportunity to serve as CEO of this terrific Company over
the last three years,” said William Lynch. “There is a great executive team
and Board in place at Barnes & Noble, and I look forward to the many
innovations the Company will be bringing to its millions of physical and
digital media customers in the future.”

Mr. Huseby joined Barnes & Noble as Chief Financial Officer in March 2012, and
has led the Company’s financial organization since that time. Prior to joining
Barnes & Noble, he had a distinguished career in the media communications
industry having most recently served as Executive Vice President and Chief
Financial Officer of Cablevision Systems Corporation, a leading
telecommunications and media company. Mr. Huseby also served in leadership
positions at Charter Communications, Inc., the fourth largest cable operator
in the U.S., as well as AT&T Broadband, a provider of cable television
services.

Mr. Lindstrom joined Barnes & Noble in November 2007 as Vice President,
Corporate Controller. Prior to joining Barnes & Noble, Mr. Lindstrom was Chief
Financial Officer at Liberty Travel, Inc.

Mr. Malhotra joined NOOK Media in May 2012 and in his role as Vice President
of Corporate Development has been responsible for developing strategic
priorities for growth and profitability. He was previously Senior Vice
President and Chief Financial Officer at Affinion International.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company and the leading
retailer of content, digital media and educational products. The company
operates 675 Barnes & Noble bookstores in 50 states, and one of the Web’s
largest e-commerce sites, BN.com (www.bn.com). Its NOOK Media LLC subsidiary
is a leader in the emerging digital reading and digital education markets. The
NOOK digital business offers award-winning NOOK® products and an expansive
collection of digital reading and entertainment content through the NOOK
Store™ (www.nook.com), while Barnes & Noble College Booksellers, LLC operates
686 bookstores serving over 4.6 million students and faculty members at
colleges and universities across the United States. Barnes & Noble is proud to
be named a J.D. Power and Associated 2012 Customer Service Champion and is
only one of 50 U.S. companies so named. Barnes & Noble.com is ranked the
number one online retailer in customer satisfaction in the book, music and
video category and a Top 10 online retailer overall in customer satisfaction
according to ForeSee E-Retail Satisfaction Index (Spring Top 100 Edition).

General information on Barnes & Noble, Inc. can be obtained via the Internet
by visiting the company's corporate website: www.barnesandnobleinc.com.

Forward-Looking Statements

This press release contains certain forward-looking statements (within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended) and information
relating to Barnes & Noble that are based on the beliefs of the management of
Barnes & Noble as well as assumptions made by and information currently
available to the management of Barnes & Noble. When used in this
communication, the words "anticipate," "believe," "estimate," "expect,"
"intend," "plan," "will,” “forecasts,” “projections,”and similar expressions,
as they relate to Barnes & Noble or the management of Barnes & Noble, identify
forward-looking statements.

Such statements reflect the current views of Barnes & Noble with respect to
future events, the outcome of which is subject to certain risks, including,
among others, the general economic environment and consumer spending patterns,
decreased consumer demand for Barnes & Noble's products, low growth or
declining sales and net income due to various factors, risk that international
expansion will not be successfully achieved or may be achieved later than
expected, possible disruptions in Barnes & Noble's computer systems, telephone
systems or supply chain, possible risks associated with data privacy,
information security and intellectual property, possible work stoppages or
increases in labor costs, possible increases in shipping rates or
interruptions in shipping service, effects of competition, possible risks that
inventory in channels of distribution may be larger than able to be sold,
possible risks associated with ceasing NOOK’s production of tablet devices,
including possible reduction in sales of content, accessories and other
merchandise and other adverse financial impacts, possible risk that component
parts will be rendered obsolete or otherwise not be able to be effectively
utilized in devices to be sold, possible risk that financial and operational
forecasts and projections are not achieved, possible risk that returns from
consumers or channels of distribution may be greater than estimated, the risk
that the expected sales lift from Borders’ store closures is not achieved in
whole or part, the risk that digital sales growth is less than expectations
and the risk that it does not exceed the rate of investment spend,
higher-than-anticipated store closing or relocation costs, higher interest
rates, the performance of Barnes & Noble's online, digital and other
initiatives, the performance and successful integration of acquired
businesses, the success of Barnes & Noble's strategic investments,
unanticipated increases in merchandise, component or occupancy costs,
unanticipated adverse litigation results or effects, product and component
shortages, the potential adverse impact on the business resulting from the
review of a potential separation of the NOOK digital business, the risk that
the transactions with Microsoft and Pearson do not achieve the expected
benefits for the parties including the risk that NOOK Media’s applications are
not commercially successful or that the expected distribution of those
applications is not achieved, the risk that any subsequent spin-off, split-off
or other disposition by Barnes & Noble of its interest in NOOK Media or other
separation of Barnes & Noble’s businesses results in adverse impacts on Barnes
& Noble or NOOK Media (including as a result of termination of agreements and
other adverse impacts), the potential impact on Barnes & Noble’s retail
business of any separation, the potential tax consequences for Barnes & Noble
and its shareholders of a subsequent spin-off, split-off or other disposition
by Barnes & Noble of its interest in NOOK Media or other separation of Barnes
& Noble’s businesses, the risk that the international expansion contemplated
by the relationship with Microsoft or otherwise is not successful or is
delayed, the risk that NOOK Media is not able to perform its obligations under
the Microsoft commercial agreement, including with respect to the development
of applications and international expansion, and the consequences thereof, the
costs and disruptions arising out of any such separation of the NOOK digital
and College businesses or other separation of Barnes & Noble’s businesses, the
risk that Barnes & Noble may not recoup its investments in the NOOK digital
business as part of any separation transaction, the risks, difficulties, and
uncertainties that may result from the separation of businesses that were
previously co-mingled including necessary ongoing relationships, and potential
for adverse customer impacts, the risk that Barnes & Noble’s ongoing
evaluation of prior year amounts may result in revisions to its financial
statements and changes to the financial information presented in this press
release, the risk that such process results in a delay in the filing of Barnes
& Noble’s Annual Report on Form 10-K and associated risks and other factors
which may be outside of Barnes & Noble’s control, including those factors
discussed in detail in Item 1A, "Risk Factors," in Barnes & Noble's Annual
Report on Form 10-K, and in Barnes & Noble's other filings made hereafter from
time to time with the SEC. Our forward looking statements relating to
international expansion are also subject to the following risks, among others
that may affect the introduction, success and timing of the NOOK e-reader and
content in countries outside the United States: we may not be successful in
reaching agreements with international companies, the terms of agreements that
we reach may not be advantageous to us, our NOOK device may require
technological changes to comply with applicable laws, and marketplace
acceptance and other companies have already entered the marketplace with
products that have achieved some customer acceptance.

Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results or outcomes may vary
materially from those described as anticipated, believed, estimated, expected,
intended or planned. Subsequent written and oral forward-looking statements
attributable to Barnes & Noble or persons acting on its behalf are expressly
qualified in their entirety by the cautionary statements in this paragraph.
Barnes & Noble undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise after the date of this communication.

Contact:

Barnes & Noble, Inc.
Media:
Mary Ellen Keating
Senior Vice President
Corporate Communications
212-633-3323
mkeating@bn.com
or
Investors:
Andy Milevoj
Vice President, Investor Relations
212-633-3489
amilevoj@bn.com