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I was speaking to someone who works in the publishing industry today and they were telling me that Borders has been in financial trouble for a while, barely fending off bankruptcy, and with the latest economic news of the past few months, it looks like they’ll be going under. Right now they’re seriously cutting back on inventory as well as closing stores, but the prognosis is grim.
So there goes a major market for books.
They also told me that since Black October, publishing houses are laying off people and announcing massive losses and many imprints will be cut back or shut down.
So, if you think things were tough before, as far as getting published goes, you better bring out your “A” game, people.
So, any thoughts on the future of writing, publishing and the economy?
So there goes a major market for books.
They also told me that since Black October, publishing houses are laying off people and announcing massive losses and many imprints will be cut back or shut down.
So, if you think things were tough before, as far as getting published goes, you better bring out your “A” game, people.
So, any thoughts on the future of writing, publishing and the economy?