Publishing: Not In Such Bad Shape After All?

The long-awaited BookStats report has been released, leading some to immediately conclude that publishing is actually in pretty good shape – despite the doom-mongering from certain quarters (such as, I suppose, from me). In case you don’t know, BookStats is the most comprehensive survey of the US publishing industry to date, produced jointly by the Book Industry Study Group and the American Association of Publishers (AAP) – collating data from nearly 2,000 publishers, large and small. I’m not going to go into too much detail on its findings, as I haven’t actually read the report (it costs $600) and I am only working from the public summaries. (And if anyone spots any detailed analysis out there by someone who has Read More…

Borders Inches Closer to Liquidation

The deadline to save Borders passed yesterday, meaning that they will now proceed to a bankruptcy-court auction tomorrow. It’s not quite over for America’s second-largest bookstore chain, and a bidder could still emerge in the next day-and-a-half to save the company – which employs nearly 11,000 people – from being liquidated. In fact, the Wall Street Journal reported today that Books-A-Million were in talks late last night about a deal. However, it seems clear that even if this move comes off, which is doubtful, it will only rescue part of the company, and a large amount of (further) store closures and layoffs is unavoidable. It seems likely now that the bones of Borders will be picked apart, and the remaining Read More…