Speaking of Borders' financial troubles ...
Borders may put itself up for sale.
The company has also taken out a $42.5 million loan to help with day-to-day operations in the coming months.
This loan may complicate Borders' ability to sell all or part of its operations, however.
Barnes and Noble—the most likely prospect for buying Borders—may not be interested anyway. B & N recently reported that fourth-quarter profits had declined 9 percent.
To read more about Borders' financial situation, as well as the general pressure on booksales nationwide, click here.
Borders may put itself up for sale.
The company has also taken out a $42.5 million loan to help with day-to-day operations in the coming months.
This loan may complicate Borders' ability to sell all or part of its operations, however.
Barnes and Noble—the most likely prospect for buying Borders—may not be interested anyway. B & N recently reported that fourth-quarter profits had declined 9 percent.
To read more about Borders' financial situation, as well as the general pressure on booksales nationwide, click here.
Labels: book sales, bookselling, self-publishing
posted by Grael Norton on 3/26/2008
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