So far only the largest publisher, Penguin Group, has commented on the record on Borders’ bankrupty filing. They said in part, “Penguin hopes that Borders will emerge from this process as a smaller but stronger book retailer, and will work closely with Borders management to support this transition. Penguin has been following developments at Borders very closely for many months and has taken appropriate steps to mitigate the financial impact of the company’s bankruptcy on Penguin.” Simon & Schuster’s parent company CBS reported fourth quarter (and full-year) earnings after the close of the market today. As we report separately, they […]
