Saturday, January 15, 2011

Publishers Told to Accept or Reject Borders Deal by Feb. 1

My hunch is most publishers won't need that long to decide. NY Times: "Publishers have been given until Feb. 1 to decide whether they are willing to accept Borders’ proposal to turn delayed payments into a loan, several people briefed on the situation said on Friday. ... [But] publishers remained skeptical of the proposal put forth by Borders. One publisher said that the proposal was not enough to convince the group that Borders had found a way to revive its business, and that they were less optimistic than ever that publishers could return to doing business with Borders."