What does the closing of several Borders book stores mean for authors?
Borders bookstores close to closing shop. Borders, the nation’s second-largest bookseller, said Thursday it may put itself up for sale and that it has lined up $42.5 million in financing to help the chain continue operations. Shares tumbled more than 29 percent, or $2.07, to $5.03 in volatile trading at midday. Borders Group Inc. said it is reviewing a wide range of possibilities, including the sale of only part of the company or certain divisions. Sources: http://current.com/items/89453530_borders-bookstores-close-to-closing-shop.