One of the anniversaries of the many deaths of Borders
I should be reading a manuscript but it's late and I'm tired and it's not the right conditions for work reading. So instead, let's reflect on one year of life after Borders. Technically I could do in September, but this week marks the real end, the week when the liquidation became official, when the theory of the Borders bookstore gave way to the going out of business sale. And it still sucks. To tackle some good news first, the end of Borders wasn't the end of publishing as we know it. I don't know of any publishing company that went under because they were left holding a bag with a hole in the bottom of it. At least not yet. I'm also not aware of any publisher with cash flow issues where our receivables get kind of long in the tooth that's had its circumstances improve over the past year. But that's about the extent of the good news, that the Borders bankruptcy wasn't the start of some fancy game of dominoes where we could watch them all m...