Written By: Graeme Neill Publication Date: Mon, 14/02/2011 - 08:46 Borders is expected to file for bankruptcy as soon as tomorrow [15th February], after it failed to agree new funding of more than $1bn with lenders. The book retailer has been struggling for months, with Publishers Weekly reporting Ingram as the chain's main supplier of books, with most other publishers putting them on stop. read more Continue reading at 'The Bookseller'
[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 14/04/2011 - 09:11 Borders could become a bookseller with sales of $1.5bn if it emerges from bankruptcy, according to a compensation services firm which has recommended more than $8m in bonuses for senior staff. read more Continue reading at The Bookseller
[ The Bookseller | 2011-04-14 00:00:00 UTC ]
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Since AOL bought Huffington Post for $315 million in early March, the controversy has not let up. In an editorial overhaul constructed by HuffPo founder Arianna Huffington (in her new role as head of editorial operations with AOL), AOL laid off hundreds of workers, 300 of those state side. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-12 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 07/04/2011 - 09:05 US publishers have dismissed Borders' recovery plan, which includes revamped stores and increased online sales, as unrealistic and are increasingly gloomy about its future. The New York Times reports Borders senior... Continue reading at The Bookseller
[ The Bookseller | 2011-04-07 00:00:00 UTC ]
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Interest in ebooks has jumped since Borders and Angus & Robertson slipped into voluntary administration. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-28 00:00:00 UTC ]
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Administrators are trying to sell 103 Borders and Angus & Robertson bookshops, after the parent of the book chains crumbled under its debt burden. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-08 00:00:00 UTC ]
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More than 2000 staff who work for the failed Borders and Angus & Robertson bookshop chains face a nervous month. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-03 00:00:00 UTC ]
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As the bookstore chains grew in the 1980s and 90s, the number of independent booksellers fell dramatically, but those that survived expect little pop from the impending closing of 200 Borders stores as part of the retailer's bankruptcy reorganization. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-02-28 00:00:00 UTC ]
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Anger as customers at Borders and Angus & Robertson told they must spend double the amount on their gift certificates at the failed booksellers. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-02-18 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 17/02/2011 - 09:33 Borders could close a further 75 branches in addition to the 200 it is attempting to liquidate, as it revealed it was losing around $2m per week. read more Continue reading at The Bookseller
[ The Bookseller | 2011-02-17 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Tue, 15/02/2011 - 08:53 Publishers' demands for control of pricing in Borders' closing sales are delaying its impending bankruptcy ruling. Reuters reports the retailer is in discussions with liquidators over a plan to close around 20 of its 650... Continue reading at The Bookseller
[ The Bookseller | 2011-02-15 00:00:00 UTC ]
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Written By: Graeme Neill Borders has told some US publishers and landlords it is delaying January payments to them, in a bid to complete a debt restructuring. The announcement comes just days after the troubled retailer secured funding from GE Capital. Reuters reports Borders said the move will... Continue reading at The Bookseller
[ The Bookseller | 2011-01-31 00:00:00 UTC ]
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Written By: Graeme Neill Borders has finally secured an agreement for fresh funding, with GE Capital providing $550m of new cash, but only if publishers stump up $125m. Publishers Weekly reports the troubled retailer has said for the first time that it doesn't rule out the possibility of... Continue reading at The Bookseller
[ The Bookseller | 2011-01-28 00:00:00 UTC ]
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Written By: Charlotte Williams Orbit has acquired three new books in the Dresden Files series by author Jim Butcher, following Chicago private investigator and wizard Harry Dresden. read more Continue reading at The Bookseller
[ The Bookseller | 2011-01-27 00:00:00 UTC ]
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Summit Business Media has joined the ranks of publishers seeking to reorganize and slash debt through a voluntary Chapter 11 bankruptcy. Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-26 00:00:00 UTC ]
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That might be the best news yet, as long as publishers remember why they went into bankruptcy in the first place. Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-21 00:00:00 UTC ]
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