NYT: Publishers See Borders Restructuring Plan As Unrealistic

This piece at the New York Times describes the tepid reaction that has apparently greeted Borders' restructuring plans by their creditors, including a group of powerful publishers with whom they must be on good terms to stay viable. If the Times' characterization of the plans are accurate, it's hard not to have sympathy for the creditors' position. Other than concrete moves of perhaps limited import (moving their headquarters to cheap Detroit; expanding their rewards program), everything else sounds vague and unsubstantiated: selling things other than books, selling more on-line access, increasing the size and local focus of their cafes. With the ground shifting beneath the feet of every publishing-related business, now would seem to be the worst time for anyone to find avenues for secure, stable growth of the kind that might convince people who know just how bad things are out there that there's a bright future ahead.
 
posted 8:55 am PST | Permalink
 

---

 
Daily Blog Archives
November 2019
October 2019
September 2019
August 2019
July 2019
 
Full Archives