We'll know by July 21 whether or not Borders will stay in business or be liquidated. If Borders disappears, will Barnes & Noble soon be next? And then what happens to the print publishing industry and authors with no major retailers to sell their books? Thoughts? Reactions?
Here's a link to the Bloomberg article:
We tend to look at this from the wrong perspective sometimes. So log as people want to buy physical books, someone will be around to sell them; they just have to find a sustainable business model. Proof of the failure of the current publishing model is seen by the fact that both neither end seems to be able to make money (publishers nor booksellers), yet books sales overall remain relatively stable. The public wants books; it's up to the supply chain to figure out how to do it right.
Now, if decide they don't want physical books anymore, then the suppliers will be in the wind. Not before.