Borders US could face liquidation

Written By: Bookseller Staff Publication Date: Thu, 14/07/2011 - 09:40 Borders could face liquidation in the United States after a committee of unsecured creditors rejected a proposed takeover by private equity firm Najafi Companies. The creditors are concerned Najafi would buy the company at a low price and then liquidate it without benefiting them. The committee said in a court filing: "It neither maximises value for the benefit of unsecured creditors nor provides for the other benefits of a going concern." read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-07-14 00:00:00 UTC ]

Other news stories related to: "Borders US could face liquidation"


Mexican restaurant group’s chef-owner claims partner skimmed funds to revive Kellogg’s Diner

A top chef has accused his longtime business partner of improperly funneling millions of dollars into side projects, including the revival of Williamsburg’s Kellogg’s Diner.Julian Medina says that Luis Skibar, who owns a fast-growing empire of Mexican-style eateries with Medina, has “unlawfully... Continue reading at Crains New York

[ Crains New York | 2024-10-15 17:41:30 UTC ]
More news stories like this


Tattered Cover Submits Bankruptcy Plans, Owes Nearly $4 Million to Creditors

On Tuesday, the ownership group that controls Denver's Tattered Cover bookstores filed the first part of its bankruptcy reorganization plans, citing some $3.1 million owed to unsecured creditors, including half a million dollars to its former CEO. A further $820,000 is owed to secured lenders. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-18 05:00:00 UTC ]
More news stories like this


The Morning After: The Kindle Store’s hottest new author is ChatGPT

According to a report from Reuters, ChatGPT is listed as the author or co-author of at least 200 books on Amazon’s Kindle Store. However, the number of bot-written books is likely higher than that since Amazon’s policies don’t require authors to disclose their use of AI.Brett Schickler published... Continue reading at Engadget

[ Engadget | 2023-02-22 12:20:19 UTC ]
More news stories like this


LinkedIn’s SlideShare is a vast emporium for pirated e-books. Authors are paying the price

From bestsellers to textbooks, stolen content is easily found on a 14-year-old hosting service operated by Microsoft’s social network. Mid-level writers are hurt the most. If you want to purchase a copy of The Institute, Stephen King’s latest novel about supernatural kids, you could find it at... Continue reading at Fast Company

[ Fast Company | 2020-01-15 13:00:52 UTC ]
More news stories like this


Cengage Answers Lawsuit Over New Subscription Service

In a court filing, the publisher denies that its new subscription service will improperly cost its authors sales and royalty payments. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-31 00:00:00 UTC ]
More news stories like this


Who wore it best? Take your pick of Zuckerberg-as-Gulliver covers

Citizens of Lilliput, unite! We must subdue the evil Gulliverer, Zuckerberg!Variety's just-released cover story doesn't exactly say that, but that's the subtext of the trade magazine's "Gulliver's Travels"-inspired cover illustration (above right). In his piece headlined "Facebook Under Fire:... Continue reading at Advertising Age

[ Advertising Age | 2018-04-03 00:00:00 UTC ]
More news stories like this


Ofcom has concerns about Murdoch power in UK if Sky bid allowed

Regulator’s reports conclude Murdochs are ‘fit and proper’ but allegations of harassment at Fox are ‘extremely serious and disturbing’Ofcom has published two in-depth reports on 21st Century Fox’s proposed takeover of Sky which demonstrate why it has concerns about the Murdochs’ influence on UK... Continue reading at The Guardian

[ The Guardian | 2017-06-30 00:00:00 UTC ]
More news stories like this


Charter-Time Warner Cable deal headed for FCC approval

Charter Communications' proposed takeover of two other cable companies — Time Warner Cable and Bright House Networks — is nearing the finish line as federal officials appear poised to approve the mammoth $67-billion deal in the coming weeks.Federal Communications Commission Chairman Tom Wheeler... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-03-17 00:00:00 UTC ]
More news stories like this


James Patterson Launches Self-Destructing Book With Help of Mother N.Y.

To promote his new book "Private Vegas," author James Patterson has teamed up with Mother New York to help the novel blow up -- literally.Launching today, for the low price of $294,038, the campaign gives one avid fan the chance to read a hard copy of the book in a mere 24 hours before it... Continue reading at Advertising Age

[ Advertising Age | 2015-01-22 00:00:00 UTC ]
More news stories like this


Three Traits That Make The Kindle Fire Competitive

Low price, Amazon Silk browser and promising ecosystem of movies, apps and books make the Fire stand out in a crowd. Continue reading at PC World

[ PC World | 2011-09-29 00:00:00 UTC ]
More news stories like this


Borders US could face liquidation

Written By: Bookseller Staff Publication Date: Thu, 14/07/2011 - 09:40 Borders could face liquidation in the United States after a committee of unsecured creditors rejected a proposed takeover by private equity firm Najafi Companies. The creditors are concerned Najafi would buy the company at... Continue reading at The Bookseller

[ The Bookseller | 2011-07-14 00:00:00 UTC ]
More news stories like this


British Bookshops' creditors to receive less than 10% of money owed

Written By: Lisa Campbell Publication Date: Mon, 09/05/2011 - 15:41 The administrators of British Bookshops and Stationers has said it can only pay back eight-10p in every pound owed and expects the level of claims to increase. A recent document published on Companies House said the former... Continue reading at The Bookseller

[ The Bookseller | 2011-05-09 00:00:00 UTC ]
More news stories like this


BB&S owes £6.3m to unsecured creditors

Written By: Lisa Campbell Publication Date: Mon, 14/02/2011 - 09:48 British Bookshops and Stationers owes £6.3million to its unsecured creditors, it has been revealed. A statement of the troubled company's financial affairs released over the weekend showed that while owing the vast sum,... Continue reading at The Bookseller

[ The Bookseller | 2011-02-14 00:00:00 UTC ]
More news stories like this