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Viewing: Blog Posts Tagged with: Borders, Most Recent at Top [Help]
Results 26 - 50 of 77
26. The Indignity of the Remainder Table

I'm not a big fan of bookstores.

Let me clarify: I'm not a big fan of big chain bookstores.* Small bookshops, especially those with live cats (we have two indie shops with feline "employees" in Lawrence), are great. Used bookstores are heaven. I've blogged about them before.

One staple of the big chain store is the remainder table.

How depressing.

Last week, as part of spring break, we spent a short stint in Kansas City. I took the boys to a bookstore (plenty to look at and they were pumped). I picked up a $2 book on a remainder table and read the bio of the author. Her short fiction credits included The New Yorker, Zoetrope...big names. The cover even heralded "New York Times Bestselling Author".

On a remainder table. For $2.

Depressing...

I dream of a world with no remainder tables. An unexpected bonus of the e-book, I suppose.

*I do feel bad for all those folks who lost their jobs with Borders.*

**But I have a friend, a rabid book lover, who thumbs his nose at the other big chain bookstore in Lawrence but he loves Borders. Really? I can't really understand.

12 Comments on The Indignity of the Remainder Table, last added: 3/29/2011
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27. This Week in Books 3/25/11

This week! Books! On Saturday!

Huge news this week, as a federal judge rejected the Google Book Settlement. If you recall, Google had scanned basically every book in the world and was hoping to make them all available. But there are a ton of old books where the rights situation is uncertain. Technically the books are under copyright, but who knows where the rightsholders are. The judge ruled that the settlement effectively gave Google a de facto monopoly over those books. The Author's Guild and the AAP are hoping to amend the settlement to pass legal muster.

It was the tale of two authors this week. First came news that, as mentioned on Wednesday, bestselling author Barry Eisler passed up a $500,000 deal from a major publisher in order to self-publish. Among Eisler's reasons were frustration with traditional publisher's royalties and pricing model, and a desire to get his book out earlier. Industry sage Mike Shatzkin calls it "a key benchmark on the road to wherever it is we're going."

Meanwhile, self-published superstar Amanda Hocking went the opposite route and decided to move to a major publisher, to the tune of a $2 million deal with St. Martin's. Among Hocking's reasons were wanting to reach readers through bookstores and more editing.

So... who's right and who's wrong? As Kassia Krozsser says: they're both right. And that's the great thing about this new era. Authors with a following now have a choice about which route they want to pursue. My colleague David Carnoy, author of KNIFE MUSIC, talked about his own move from self-publishing to traditional publishing in a recent interview.

Meanwhile, John Ochwat passed me this link first: E-book Publishing Bingo

Also, Barnes & Noble is still looking for a buyer, and the Economist had an interesting article on the decline of Borders and of bookstores in general.

Introverts unite! Shrinking Violet Promotions had a great post on dispelling myths about introverts.

And agent Jane Dystel has a helpful list of pet peeves, which serve as a guide to a productive relationship between author and agent.

This week in the Forums, how to get your writing mojo back after a long break, discussing the services provided by

32 Comments on This Week in Books 3/25/11, last added: 3/29/2011
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28. Publisher’s cap on library downloads begs question — when do e-books wear out?

Just when do books wear out?

That the big question, especially after Book Publishers announced this month that libraries will only be able to circulate its e-book titles 26 times before they’ll have to buy a new copy.

It set 26 as the cap, arguing with an average two-week borrowing period, it works out to a year — the length of time when printed books wear out and popularity wanes.

Technically, e-books will never fall apart. And librarians argue many printed books circulate far more than 26 times, and are still in good shape after more than 100 checkouts.

The new rule, which went into effect on March 7 for new titles, has upset librarians, sparking some in the United States to call for a boycott of HarperCollins books.

While Canadian librarians aren’t making such threats, the Toronto Public Library is holding off on any new HarperCollins purchases until the new restrictions are clarified.

“This announcement was discouraging,” said city librarian Jane Pyper. “We respect the publishing industry. We want a viable and vibrant Canadian publishing industry, in particular. We want Canadian content.

“We also want something that’s fair to public libraries and viable and sustainable for the library sector.”

While e-books represent less than 1 per cent of the 32 million items that the Toronto library circulates each year, they are growing in popularity. The library currently carries about 11,000 e-book titles, and they are checked out about 17,000 times each month.

On Christmas Day and Boxing Day, after people had ripped off the wrapping paper on new and self publishing reading devices like Kobos and Sony readers, the library had an unbelievable surge in hits on its website for patrons wanting to download e-books, Pyper said.

With each e-title, the Toronto library can only circulate that single copy to one borrower at a time. Patrons can borrow 10 books for up to 21 days. After the due date, the book disappears from the individual reader and the item can circulate again.

The New York Times says nine million devices are in use in the United States, according to Forrester Research. Market research firms here estimate 500,000 Canadians had readers by the end of last year.

“It’s important for the future to understand that the public libraries will be in e-collection market,” said Pyper. “We want to own books, we want to preserve them, and we want the public to have permanent access to them.”

E-books range in price from $20 to $30 and there are no library discounts — unlike print versions, she said. And given the library’s financial woes, pricing or the need to repurchase books has an impact on the budget.

When asked for comment, a spokesman with HarperCollinsCanada said no one was available.

In an open letter to librarians, Josh Marwell, president of sales at HarperCollinsPublishers in the United States, explained that the company’s previous e-book policy was almost 10 years old, developed when there were few such readers.

“We have serious concerns that our previous e-book policy, selling e-books to libraries in perpetuity, if left unchanged, would undermine the emerging e-book ecosystem, hurt the growing e-book channel, place additional pressure on physical bookstores, and in the end lead to a decrease in book sales and royalties paid to authors,” Marwell wrote.

He added the 26 checkout cap can provide a year of availability for titles with the highest demand and much longer for other titles. “If a library decides to repurchase an e-book later in the book’s life, the price will be significantly lower as it will be pegged to a paperback price point.”

The ease with which consumers can borrow e-books makes book publishe

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29. Borders To Close 28 More Stores


View Borders Store Closures Round 2 in a larger map

This week Borders added 28 new stores to the list of bookstores they will close during bankruptcy proceedings.

eBookNewser contributor Nate Hoffelder created a Google Map linking to all the soon to be closed stores–the map is embedded above. Read the whole list here (PDF link); the new closures are highlighted in red.

Here’s more about the map: “This is a map of 28 more closing stores that Borders announced on 17 March. These stores will close in late May.”

New Career Opportunities Daily: The best jobs in media.

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30. This Week in Books 3/4/11

Lots of links this week!

Shall we?

Some big news in the book world as Random House, the lone holdout among the six major publishers, has agreed to Apple's terms and will be moving over to the agency model. What is the agency model? Well, this post of yore provides some background, but for readers this means that over 17,000 Random House titles will now be available through iBooks, and will also means that the price you pay for Random House books will probably be a few dollars higher (Amazon likes the $9.99 e-book price point. Publishers, who set the price with the agency model: not so much).

Mike Shatzkin and Eric from Pimp My Novel offer some more background on the publishing implications, which are many. Shatzkin notes that this is a sign that the agency model has helped cracked Amazon's hegemony, and Eric wonders what effect this will have in iBooks sales.

One big e-reader, the iPad 2 was launched on Wednesday amid much fanfare (and much tweeting from yours truly). Among the book implications was the Random House announcement, and Apple also stated that over 100 million e-books have been sold through the iBookstore. Wow.

And speaking of lots of e-books sold, my colleague and fellow author David Carnoy had a great article this week on the rise of the 99 cent e-book and what this might mean for publishers, and Mathew Ingram at GigaOM writes that with the success Amanda Hocking and J.A. Konrath are enjoying, publishers need to "wake up and smell the disruption." Quite a few people have been asking me lately to weigh in on self-publishing and the new 99 cent/$2.99 Kindle bestsellers, and I shall do so soonest.

But meanwhile we have more links!

HarperCollins took the controversial/ingenious (depending where one sits) step of limiting library lending of e-books at 26 lends per library e-book purchase, rather than allowing libraries to loan e-books infinitely. Presumably 26 was arrived at as comparable to the number of times a print book could be lent before it wore out. What say you as author and reader on this one?

In rather hilarious news, Victoria Strauss at Writer Beware noticed an eBay listing for a story idea that the author claims "can be compared to stories like Star Wars, Harry Potter, Lord of the Rings, Matrix, Indiana Jones and other titles in those categories..." Starting bid the author set? $3 million!

In case you want a sense o

60 Comments on This Week in Books 3/4/11, last added: 3/7/2011
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31. Cultural shift hurt Borders’ image

When Borders opened its first outlet in Pittsburgh in 1990, the book-selling world including that of many New York book publishers was a far different place than it is in 2011, the year that store and two other Borders in the region are preparing to close in April, dropped by the bankrupt chain.

Started in Ann Arbor, Mich., by the Borders brothers, the young chain was pushing its book “superstore” concept coast to coast in the 1990s, getting a head start on Barnes & Noble, then a smaller competitor.

Launching the takeoff was the brothers’ sale of their name and idea to Kmart. In 1988, there were five Borders; there are now more than 600.

The company will abandon 30 percent of the outlets, including the pioneer Bethel Park spot and the Monroeville and East Liberty stores.

Kmart dropped Borders in the late 1990s but the chain managed to thrive and expand on its own in the new century, but it made one fatal mistake: It hired Amazon to handle its online book and music sales while B&N established its own website. Dumb.

After Borders launched its own online sales operation, it was too late to make headway as Amazon and B&N soon moved into the e-book world with their digital reading devices.

Other business decisions aside, the decline of this almost iconic book chain reflects a subtle shift in minds of readers after years of “bigness” — in stores, sales numbers and the franchising of “big” authors.

Dedicated readers are a sensitive bunch; whether they are pushing the book publishers buttons on a digital screen or turning the page in a well-used paperback, they crave that quiet one-on-one with the book.

But, for some time now, they have been getting books and authors shoved in their faces, not because they’re good, but because publishers flog them so hard. And the superstore concept is a willing partner in this relentless marketing.

Exhibit No. 1: James Patterson. He’s the Little, Brown franchise, a mediocre writer at best who churns out formula thrillers like a movie popcorn machine with a similar stale, greasy fake butter taste. The publisher signed a 17-book contract with him in 2009, with 11 titles to be turned in by 2012.

These demands prompted him to farm out the writing to a stable of typists, coming up with the idea and giving them credit as “co-author.”

Mr. Patterson’s financial demands then forced the publisher to market the books strenuously, blanketing those superstores with books and displays, paying extra to get good “floor” position, exiling more interesting books to the shadows of these 15,000-square-foot boxes.

Further exhibits include Stephen King, Patricia Cornwell, Dean Koontz, Kathy Reichs and Lee Child.

Turn back the clock to 1990 when Borders wooed the media with images of an intimate experience inside a clean, well-lighted place with more than 100,000 separate titles and a coffee shop and comfy chairs.

The chain stuck its first Pittsburgh outlet in suburban Bethel Park by wedging it into an awkward chess space in a strip mall with cramped parking.

Then the marketing team smoothed over the physical problems with promises of a busy author-visit schedule and other community events staffed with knowledgeable workers.

Even though the region had several well-established independent booksellers at the time, the Borders “experience” promised the hand-selling of independents with the wide selection of Kmart.

As the landscape evolved in the digital age, that cozy, caffeine-scented solicitude gave way to the uniformity of all national chains and Borders lost its distinctiveness.

Economics played the major role in Borders’ bankruptcy, but it’s cl

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32. What's your take on the Borders bookstore bankruptcy thing?

When the news came that Borders Books Store had [finally] gone into bankruptcy and would be closing about 200 of it's stores, I found myself conflicted. Of course, I feel bad for the poor folks who'll be out of a job, just as I would if any other company went bust, who wouldn't? That said, I just can't empathize with many of the blog posts, Tweets and articles which came soon after, lamenting the passing of a giant in the industry and fretting about the state of today's publishing world.

(Read more ...)

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33.

Bargain hunters were out in force this weekend as liquidation sales began at 200 Borders locations slated to close as part of the company’s bankruptcy filing.

The affected stores — about one-third of the bookseller’s locations — are expected to close by the end of April. Twenty-one underperforming stores in Southern California will be shut, including stores in Sherman Oaks, Century City, Long Beach and Orange.

Huge “store closing” and “everything must go” posters covered the windows at Borders in Pasadena and Glendale, which were bustling with customers Sunday. Many sections were already picked over, including from christian book publishers, with shelves left bare and items such as notebooks, journals and photo albums strewn about.

Most items were discounted 20% to 40%, with markdowns expected to increase in coming weeks.

“As long as there’s a deal, I’m going to take advantage of it,” said Jordan Francke, 27, who was checking out the games section at the Glendale store.

“It’s just the changing landscape of literature these days. It’s all electronic,” Francke, a children’s book publishers and television schedule coordinator, said of the chain’s bankruptcy. “I can only imagine it’s a struggle for a place like Borders to stay relevant.”

That’s a harsh reality for regular customers such as Kathleen O’Reilly, 52, who was at the Pasadena Borders carrying a shopping basket laden with discounted stationery and magazines.

The Pasadena resident said she was “old school” and enjoyed seeing and touching books before making a purchase. She said she would miss visiting the store with her teenage daughter.

“I spend several days a week here,” said O’Reilly, a self-publishing counselor at a high school. “I actually debated whether I even wanted to come because I was worried I’d be too upset to see the store torn apart.”

Business is expected to continue as usual on the company’s website and at stores that aren’t closing.

After a slew of competitive blunders and missteps in the last decade, Borders Group Inc. found itself in trouble and had to cut staff, shut stores and shake up its top management.

Critics said the company botched its move into the book publisher digital age, causing sales and earnings to plummet. At the same time, mass merchants including Wal-Mart Stores Inc. and Target Corp. became major players in the book-selling market, often offering lower prices than Borders and rival Barnes & Noble Inc.

But Borders maintains it isn’t done for good. In a letter e-mailed to customers and posted on the company’s website last week, Borders President Mike Edwards said the company hoped to emerge from Chapter 11 as “the destination of choice.”

About 6,000 of the chain’s roughly 19,000 workers will be laid off as part of the closures. Among them is Rich Kilbury, a christian book publisher, who was pushing a cart stacked high with books at the Pasadena location Sunday.

“It’s depressing, but we kind of saw it coming,” he said. “Business had dropped off.”

The promise of discounts attracted Victoria Rose to the Pasadena store, where she was browsing mystery and thriller books. The 60-year-old high school English teacher said she was never a regular customer because she could find a better s

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34. Do Record Stores Point the Way of the Future for Bookstores?

Now that Borders is in bankruptcy and at least 200 stores closing, some people have asked me what I think is going to happen to brick and mortar bookstores in the future. Do they have a future? Will they survive?

There's one comparison I keep coming back to: record stores.

When you consider that the digital revolution happened in music a little over a decade ago, it's interesting to see what has happened to record stores since the rise of the mp3. Basically: carnage on a massive scale. A huge number of stores closed, especially national chains. First it was Tower Records, then Virgin Megastores (here in the US), and now, well, Borders.

And an interesting fact to bear in mind is that digital revenue still has not surpassed physical. It's debatable about whether we've really seen a digital tipping point in the music industry. Declining overall sales (likely due at least in part to piracy), and a shift to online music vending and digital music was enough to tip the balance away from profitability for most brick and mortar chains.

Now there's a seriously fractured landscape. Record stores haven't disappeared entirely, but there's a whole lot less of them. 

So what's the comparison for books? Well, I look at the situation here in San Francisco. After the closure of the Virgin Megstore, Tower Records, and (nearly) all of our Borders, there are basically three types of record stores left, and they could offer some clues on the types of bookstores that will survive:

1) The Aquarius Records Model. Aquarius Records is a very small record store in the Mission District known for its hand-picked roster of sales and its knowledgeable staff. It's small, it's intimate, they support local artists, you go there knowing what kind of music they sell and you come away with new discoveries you might not have found otherwise. You're not going to find a vast selection or Justin Bieber's latest album, but you will find some gems you didn't know you were looking for.
Bookstore comparison: your small, beloved, curated independent bookstore.

2) The Amoeba Music Model. Amoeba is a very large record store in the Upper Haight (a neighborhood you may know as Haight Ashbury if you're not from 'round these parts) that has a massive, gargantuan selection of used CDs for low prices. Buy/sell/trade/awesome. They also have locations in Berkeley and LA.
Bookstore comparison: your Powell's, your Strand, your basic large urban book clearing house

3) The Costco Model. San Francisco doesn't have a WalMart, but we do have a Costco. And they sell music. In fact, big box stores sell a whole lot of music: mass merchangs like WalMart and Target accounted for 79 Comments on Do Record Stores Point the Way of the Future for Bookstores?, last added: 2/24/2011
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35. Change of Writer’s Space

I had been following the financial troubles of Borders bookstore so when they decided to file Chapter 11, I wasn’t surprised. When they announced five stores in Georgia were closing, I was bummed.

Both of the stores by my day job and my house are closing, and I feel really bad for the employees there. I had gotten to know a lot of them over the years. Both of the stores had a fabulous coffee house space where you could read and write. It was really sad when I went by on Monday and the tables and chairs were all cluttered up in a corner and my favorite barista Margaret was absent. The transition had already begun and by April, these stores will be closed.

I have many memories. These were the places where I finished my first novel. Worked on my master’s thesis. Met with one of my critique groups. Discovered some of my favorite books. It was a place where I always felt I could go to when I wanted to immerse myself in my writer’s world. A true writer’s space.

I’m not sure if another bookstore will take up residence in these empty storefronts, but I will say that I will miss having these two places to go when I want to write outside my house.

I hope my friends at these two particular stores can find work somewhere else. With this tough economy, it has to be frustrating to have to look for a job during these times.

Although I do have my office, sometimes it was just good to shower and get out of the house. I’m sure that I’ll find another writer’s space though. It will just take some time.

Have this ever happened to you? Has a writer’s space you loved disappeared? How long did it take you to find another haunt?

5 Comments on Change of Writer’s Space, last added: 2/23/2011
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36. This Week in Books 2/18/11

Very very very sad news this week as, after several years of speculation, Borders has finally succumbed and filed for bankruptcy. It was Chapter 11 bankruptcy (re-org) and not Chapter 7 (Eric from Pimp My Novel had a roundup of the potential difference there), but even still 200 stores will close, and my heart goes out to all those affected. Eric from PMN has an indispensable take on what this means for authors. In the short term, at least, it seems as if this is going to put further pressure on publishers and on the midlist.

Meanwhile, there was an interesting CNET article (disclosure: I work at CNET) asking a very important question and poll: what would you pay for an e-book? The agency model publishers are seeking to hold the line between $10.99 - $14.99 for new release e-books, and it will be interesting to see if consumers will go along with that. Is the perception of value going to be there for an e-book?

And along those lines, I thought Mike Shatzkin had a really interesting take on consumer complaints about DRM, which is that they're not totally valid. His point, in a nutshell: Yes, you can't re-sell your e-books and it's more of a license than true ownership. But when you sell a paperbook you lose ownership of your book, whereas when you send someone a copy of your e-book you still possess it. So why are people insisting on treating them identically? Doesn't the digital model necessitate a new way of thinking about and selling content?

And prospective author J.J. Madden has a great roundup of the recent Digital Book World, and video of some of the people creating the future of publishing.

Now, I did not represent picture books when I was an agent and thus will tell you quite honestly that I know extremely little about them, but someone who does know a thing or two about them is my former colleague Tracy Marchini, who has a really good post on what makes picture books successful.

In contest news, lots percolating around the blogosphere! Blog friends Hannah Moskowitz/Suzanne Young and Kiersten White are hosting contests, and the Texas Observer reached out to let me know about a short story contest guest judged by none other than Larry McMurtry. So be sure and check that out.

Lots and lots of people have reached out to me about this post by Ta-Nehisi Coates about a new documentary on Bad Writing. Which makes me wonder if they're trying to tell me something. Haha. No, and I don't need a breath mint, thank you very much!

In seriously important news, the ship that inspired MOBY-DICK was discovered at the bottom of Davy Jones' Locker!!! No word on Ahab's ivory leg.

OMG THIS "GREAT GATSBY" NINTENDO GAME. A. Maze. Zing.

40 Comments on This Week in Books 2/18/11, last added: 2/21/2011
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37. Fusenews: “Compare and contrast Goodnight Moon with The Sun Also Rises”

Lotso hotso news today, folks.  I hardly know where to begin.  Let’s start with the big news that the illustrious editor Margaret K. McElderry passed away recently.  I had mentioned The McElderry Book of Greek Myths in my Valentine’s Day post earlier this week.  Maybe she was on my mind.  In any case, there’s a great New York Times piece from 1997 on her.  I’m fond of it, not least because Eden Ross Lispon mentions four books McElderry edited right off the bat and they are ”The Borrowers”, ”Ginger Pye”, ”The Dark Is Rising”, and ”The Changeover.”  The Changevoer!!  The book I keep hoping will be reprinted soon so as to leap on the Twilight train while there’s still time!  In any case, I was unaware that Ms. McElderry worked in my own children’s room for years.  Good to know.  Fellow librarian and novelist Sara Ryan offers her own remembrance of Ms. McElderry and The New York Times wrote up one as well.  Dunno that they needed to include the idea that We’re Going on a Bear Hunt is “un-P.C.”  Um . . . maybe if you’re Stephen Colbert, but what precisely is “un-P.C.” about that book again?  It’s not like Oxenbury depicted the kids packing heat, after all.

  • In other news the Cybils Awards (the only awards awarded by bloggers) for children’s and YA literature were announced this week.  The Cybils strive to balance great writing with child-friendliness.  With those in mind I think their selections were top notch.  You can see all the winners here.  This year none of the books I nominated made the final cut, but I see that frequent commenter on this blog Eric Carpenter got TWO of his books on there!  Well played, Eric.  Well played indeed.
  • I like it when my favorite folks end up linking to one another.  I couldn’t have been more shocked, though, with a recent posting by Kate Beaton.  She was writing a comic about Ada Lovelace (and where is the children’s biography on the fact that the first computer programmer was a woman, by the way?) and then mentioned in her notes that there were some Jules Verne illustrations out there that were “definitely worth a look”.  I love me my Verne, and lo and behold who did Kate link to but none other than Ward Jenkins, he of this season’s Chicks Run Wild (by Sudipta Bardhan-Quallen).  Ward speaks of Jules Verne: The Man Who Invented the Future by Franz Born, illustrated by Peter P. Plasencia circa 1964.  Worth your time.
  • Carbon dating jackets with headless girls and cupcakes.  The book that proves that kids will buy a hardcover to infinity if they like it (and no, it’s not Wimpy Kid).

    10 Comments on Fusenews: “Compare and contrast Goodnight Moon with The Sun Also Rises”, last added: 2/18/2011
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38. Is the Blog To Book Format still viable as an ISBN book product?

Blogger starts a blog. Blogger solicits photos or texts or emails. Blogger gets a book deal. That formula has been wildly successful for the last few years, but is showing signs of market saturation.

There were roughly 100 book deals involving blogs or Internet memes last year according to Book Publisher’s Marketplace.

Christopher Weingarten, 31, was one of them. A year ago, he decided to start a blog about dogs, dressed as hipsters. He gets readers to submit photos and attaches a witty caption.

Over three million hits and thousands of submissions later, he just recently landed a book deal, with the book hitting bookstores in July. While the freelance music writer discloses that his book deal was not six-figures, it was “certainly more than the $3,000 advance I got for doing a book about music.”

Blog-to-book deals have also changed the humor genre in general. “Now if you’re funny, you start a blog or a Twitter feed, and cultivate an audience that way and a publisher finds you,” says Patrick Mulligan, Senior Editor at Gotham Books, an imprint of Penguin, which specializes in blog-to-book deals.

One of Gotham’s blog-to-books is “Texts From Last Night”, which features random and funny texts sent from submitters, who are typically in a drunken stupor when texting. The blog on which it is based gets around four million page views a day. The book is in its sixth printing. The blog co-founders say the website brought in about one million dollars in revenue last year, and it’s now being converted into a TV show.

They bristle at the notion that they’re taking other peoples’ contributions and running away with the money from an ebook publishing book deal.

Usually publishers require bloggers to put in at least 70 percent new content into the books and often try to market them to a new audience.

“You can’t just sort of repackage the greatest hits on a website,” says Megan Thompson, Senior Literary Agent with LJK Literary Management which represents a number of blog-to-book authors, including the people behind “Geek Dad”, and “Black Heels to Tractor Wheels.” “Why would someone buy the cow if they can get the milk for free?” she says.

Penguin’s Gotham Books was able to find a new audience with the popular LOLcat series. “It’s 50 year old women from the midwest who have ten cats who are buying it,” says Mulligan. “When you make something a book and take it off the Internet, people who never stumble upon this website find it in book form.”

Some overnight authors are commanding lucrative deals, even if it isn’t as frequent as it once was. “When people were going crazy for this stuff, we got into really competitive auctions where people were spending into the mid six-figures for some of these books,” says Mulligan. “That just becomes tough for book publishers to make money.”

Still, the publishing industry is mindful that the genre has some staying power.

“It’s what happens in publishing,” Mulligan says. “Something becomes hot, it becomes over-published, and then it wanes, and then there will be this awesome new blog in 2012, and we’ll go crazy again for it.”

39. As Borders departs

Borders seems to be in its death throes, which saddens me for several reasons.

They used to employ some of the smartest event coordinators around. Darren Noble, who now works at George Fox College, was excellent, as was Dan Eichler. But they kept cutting and cutting staff. And 10-12 years ago, Borders used to send folks to the Pacific Northwest Bookseller Association conferences, so they always felt more indie and less corporate than B&N.

And for towns where Borders was the only bookstore, now there will just be Amazon, consolidating more power in Amazon's hands.

Shelf Awareness reports: "Wall Street Journal predicts that Borders's contraction and possible end "will mean fewer places for consumers to buy books, which in turn is expected to speed the pace of online and e-book sales."

Read more here .



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40. Borders Cahp. 11 filing rumored this week

sadbook2.jpgUh-oh

.

The troubled Ann Arbor, Mich., bookseller could file for Chapter 11 bankruptcy-protection as soon as Monday or Tuesday, paving the way for hundreds of store closings and thousands of job losses, said people familiar with the matter.

Borders has abandoned efforts to refinance its debts, and is preparing bankruptcy papers and seeking financing agreements that would keep it operating during the Chapter 11 restructuring process, the people said. Its shares tumbled 33% to 25 cents apiece in 4 p.m. New York Stock Exchange trading after The Wall Street Journal reported its plans.


According to the Wall Street Journal, the filing would allow for stores to continue to operate during bankruptcy proceedings, but would close a third of its stores and lay off a significant umber of its 19,500 employees. Observers are skeptical that the chain can reinvent itself however, and are throwing around the “L” word: liquidation.

While the article blames declining interest in physical bookstores in the face of Amazon and digital books, its important to remember that Borders has made a lot of business mistakes on the way to this sad state of affairs.

5 Comments on Borders Cahp. 11 filing rumored this week, last added: 2/14/2011
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41. An Open (Love) Letter to Borders, or, Borders I Love You (But You're Bringin' Me Down)

I don't do Valentine's Day. That's not about love for me. I love people, and books, and all kinds of other things every day, not just on February 14th. But there's one thing I love that I've recently had to give up, and I think that not expressing how I feel about it has been seriously stopping up my book-reviewing chi.

So I'd like to take a few thousand words to say how I feel, just to get it off my chest and onto the Internet where it can continue to fester for as long as we both shall live.

If you don't have a half hour to waste, go look at some rabbits.

Maggie Stiefvater talking about Linger. After the signing, she attack-hugged me! Best. Birthday. Present. EVAR.
Dear Borders,

Well, it seems like this might be goodbye. I hope it isn't. I sincerely hope someone out there takes a chance on you and gives you the capital to keep your doors open. Your doors opened for me in 1996 when I took my very first job right here at your store in Glendale, California. I was the youngest hire, and so thrilled and grateful to come to work each day. Throughout the years, despite difficulties, setbacks, and certain horrors that only the retail bookstore environment can produce, you have also been a source for learning, friendship, and excitement in my life. Almost all of my best friends were my coworkers there, among them my best friend of all--who is now my husband.

But even now that I have joined the ranks of ex-Borders employees, and with you on the cusp of bankruptcy, when people ask how I feel about you, I can only tell the truth: I love you, Borders. I wish you well.

My actual Borders Store, appearing in The Simpsons.

Sure, you've made some mistakes, and now you're paying for them, but in my heart the ideals that kept me coming back over the last 14 years, as an employee and a customer both, remain possible, though maybe just out of reach. The selection and eclecticism, the passion and knowledgeability, the commitment and enthusiasm that set Borders apart from its competitors a decade ago lives on only in the hearts and minds of those that can say we "knew you way back when," and who continue to lament, "If only."
4 Comments on An Open (Love) Letter to Borders, or, Borders I Love You (But You're Bringin' Me Down), last added: 2/15/2011
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42. Borders update: Can’t pay the rent

201101311354.jpgIn today’s Borders Death Watch™ news, the troubled chain is suspending payments to vendors and landlords.

Borders announced Sunday evening that it was delaying January payments to vendors and landlords in a move to conserve cash. The action will almost certainly end any hope Borders has of winning approval from publishers of its proposal to exchange missed December payments for notes. Borders had wanted publishers to approve the offer before the January payment was due, but many publishers were leaning towards rejecting the offer and some were waiting to see how the chain handled the January bills. Delaying payments was not something they wanted to hear. In addition to not paying the major houses, it is unclear if Borders paid any presses; in December Borders paid independent and small presses.


Although there is a financing plan on the books, it is dependent on publishers deciding to go along with Borders’ “give us some time and we’ll come up with the cash” business plan.

That is unlikely.

What is more likely: a Borders bankruptcy. The big question is whether it will be a Chapter 11 — a financial reorganization — or a Chapter 7 — liquidation.

7 Comments on Borders update: Can’t pay the rent, last added: 2/1/2011
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43. The Digital World’s Book Fair Has Begun

Digital World Book, known as the DBW is the key conference in the publication of books for publishers in the e-books. All the “big six” book publishers are present in quantities never before. Random House will have more than 40 participants, while fewer than 20 came from the publisher in 2010. The digital book world conference began quietly on Monday morning with three sessions focused for a long time, the official opening ceremony will begin at 17 hours, but despite the digital output cautiously DBW 2011 is just quiet – There are over 1,250 registered twice that last year 600.

Since book publishers are here at DBW, mainstream booksellers are also here. Who is here and what they are selling will be evident when the floor show begins 13:00

The session iPad / iPhone has provided an overview of applications and the Apple App Store. It was the kind of session that felt like it was presented to other audiences – do not publish specific, as the meeting of the e-book design and production. The meeting is followed very still ongoing as I write, shows an interest of people in book publishing companies. How they got out of it, maybe they acquired the interest in book publishing and literary agents and tell us later.

Sessions on the morning of Monday, three were in the design of e-books and production, online content strategy and the iPhone / IPAD strategies. It was the first, most of the screws and nuts, which was the subject key retailers were focused on. Speaking directly to the creators of books and production managers, the session included discussions on programming languages and workflow – which suggests that book publishers are now specifically and actively serious about integrating e-Books, e-book publishing, amazon kindle publishing etc into their business model.

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44. The importance of keeping the traditonal book in paperback and hardback forms

Rubbishing those who hail the digital age as the end for books, book publishers industry players and best-selling authors on Saturday hailed a new dawn for publishing, with India’s voracious readers at its forefront.

Book sales have been squeezed in recent years by e-books and the huge success of Amazon.Com’s Kindle reader, but India’s booming book publishers market is proof of the physical book’s staying power, said participants at Asia’s largest literary event, the DSC Jaipur Literary Festival.

“You read something on Twitter and you know it is ephemeral,” said Patrick French, a best-selling historian and biographer who has written extensively on Asia. “Yet the book is a solid thing. The book endures.”

Regional language novelists and poets rubbed shoulders with Nobel laureates and Booker Prize winners at the seventh festival to be held in the historical pink-tinged city of Jaipur, the capital of India’s northwestern Rajasthan state.

Hundreds of book lovers attended a debate on the fate of printed books in the sun-drenched grounds of a former palace as part of the free five-day event.

“The idea of the book dying comes up all the time. It’s wrong. I think this is a wonderful time for books, to enlarge the audience of the book and draw in more readers,” said John Makinson, Chairman and CEO of the Penguin Group of publishers.

“Books matter more in India than anywhere else we publish them,” added Makinson, whose Penguin Group is one of the world’s largest English-language book publishers.

While book sales slip in most western countries, the non-academic book market in India is currently growing at a rate of 15 to 18 percent annually, as rapid economic growth swells literacy rates and adds millions to the middle class every year.

At the festival, schoolchildren from around the country chased their authorly heroes through the lunch queues to get autographs on newly-purchased books.

Makinson noted that the pressure on physical bookshops in countries like the United States — where bookseller Borders Group Inc is in talks to secure a $500 million credit line — doesn’t exist in India, adding that books have a key role to play in Indian society.

“In India books define and create the social conversation amongst christian book publishers and children’s book publishers. In China, the books that sell well are self-improvement titles. Popular books in India are of explanations, explaining the world. The inquisitive nature of India is unique.”

Indian critic Sunil Sethi, who presents India’s most popular television program on books, said the digital age presented an opportunity, rather than a threat, for printed matter. “Even before I finish my show, the authors are on Twitter to say they are on TV talking about their book. Technology is merging things, but the book is still at the center,” Sethi said.

French agreed that technology, if well-managed, could actually help win books new friends and wider sales.

“Digital e-books have created a space for discussion. Books now have websites and forums, and so reading books on electronic devices has created communities and interaction,” he said.

Nearly 50,000 writers, critics, publishers and fans are expected to attend the festival.

45. What’s going on with Borders?

For the book publishers and authors perspective, Borders was once a worthy rival to Barnes & Noble. Perhaps even bigger than B&N. The two brick-and-mortar chain bookstores were able to offer better prices than independent bookstores and drove many out of business. But that was before the success of Amazon and other online retailers brought the phrase “brick and mortar” into regular use — and once that happened, everything changed; indeed many UK book publishers watched in horror last year the UK divison of Borders hit the wall.

Barnes & Noble, if buffeted by Amazon’s success, has remained afloat; Borders has been taking on water.

On Dec. 30 Borders announced it would not make payments owed to some publishers, without specifying whom. Hachette confirmed that it was among those who would not be paid by Borders.

Borders has nearly 200 Waldenbooks and Borders Express outlets slated for closure before the month of January is out. Additional Borders stores are also set to close, including Westwood’s.

Borders is also cutting back on staff. On Wednesday, Borders announced that it would close a distribution center in Tennessee, eliminating more than 300 jobs; 15 management positions were eliminated Friday. And the resignation of two top executives — the chief information officer and general counsel — was announced at the beginning of 2011.

Meanwhile, Borders is seeking to restructure its debt like the frantic chess of a brutal endgame. On Thursday, Borders met with publishers and proposed that the payments owed by the bookseller be reclassified as a loan, as part of that refinancing. “But on Friday, publishers remained skeptical of the proposal put forth by Borders,” the New York Times reports. “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.”

Nevertheless, Borders — which lost money in the first three quarters of 2010 — remains the second-largest bookstore chain by revenue. Its loss would have a significant effect on book publishers across the United States.

Investors, however, seem cheered by the recent news swirling around Borders. Shares rose 12% on Thursday after reports that the bookseller was close to securing financing.

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46. Renowned book publishing imprint forces out rookie publisher; Hachette confirms that Borders won’t be able to pay bill

It’s heavy work in the world of book publishing at present, with Hachette Book Group confirming that they are one of the unlucky publishers that will miss out on payments from the beleaguered Borders, Inc USA, as the bookstore closes a major book distribution plant in the mid-west costing 300 jobs.

Now for the second time in four months, like a game of chess, the leadership has changed at the book publisher of novels by such distinguished authors as Sen. Edward Kennedy and Christopher Hitchens.

Author-editor-producer Susan Lehman has been forced out as publisher of Twelve after taking over in September. Twelve is an imprint of Grand Central Publishing, which announced Jan. 11 in an company email shared with The Associated Press that associate publisher Cary Goldstein will replace Lehman effective immediately.

“Susan Lehman is an extremely insightful, creative and talented editor,” Grand Central executive vice-president and publisher Jamie Raab said in the email. “Unfortunately, the role of publisher just wasn’t the perfect fit.”

Lehman had yet to acquire any new books for Twelve, designed to release just 12 books a year, one every month. But Raab told the AP that obtaining new books was not a factor that toys in her decision and otherwise declined to offer a specific reason beyond saying that being a publisher is “an all-encompassing job” that can take years to learn.

“Had I had more time, I’m certain I could have failed on my own demerits,” Lehman wrote in an email to the AP. “But 12 weeks isn’t enough time to do even that. It’s a wonderful imprint. I had lined up great play chess and non-fiction writers for terrific books I hope will find their way into print. Cary Goldstein has a great job and I wish him well.”

Lehman has worked in a variety of christian book publishers fields, from editing at Riverhead Books to producing television documentaries.

Jonathan Karp started Twelve in 2005, but left in June to head the flagship trade imprint of Simon & Schuster. Twelve’s bestsellers include Kennedy’s True Compass, Hitchens’ Hitch-22 and Sebastian Junger’s War.

Grand Central is a division of the Hachette Book Group – also associated with major children’s publishers and toy shops in New York.

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47. Diamond stops shipping to Borders

201101031312.jpg
As Borders struggles to dig itself out of debt, it has suspended payments to its vendors. And several publishers have stopped shipping to the book chain. Now add Diamond Book Distributors to that list. They have informed their clients that since Borders has suspended payments to them, DBD is suspending product shipments and has put the Borders account on hold. According to the announcement, Diamond is attempting to work with Borders to resolve the situation and “craft a solution that proves to be in the best interests of both DBD and our publishers.”

Border’s money woes continue to be of great concern to the book world, and several publishers have stopped shipping to the chain while they attempt to round up more financing. As reported today in Publishers Weekly

, a huge meeting is planned for tomorrow afternoon bewteen publishers and Borders:

Publishers, according to sources, will largely be represented by lawyers and finance executives who hope to hear more about the retailer’s new finance and turnaround plan from the Borders’ team. Publishers were unimpressed with the presentations made by Borders last week and the sense is that if Borders expects publishers to accept their proposal for publishers to exchange missed payments for notes, they need to hear a much more robust plan.


Borders also announced plans to close its LaVergne, Tenn. warehouse in mid-July, resulting in the downsizing of 310 employees. The warehouse is being closed as part of the ongoing financial restructuring.

6 Comments on Diamond stops shipping to Borders, last added: 1/13/2011
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48. The Last Few Weeks in Books 1/10/11

All the best stories and links for your reading perusal! These go back a few weeks since the holidays and CES put a wrench in my normal blogging schedule.

First up, I often receive questions about who I'd recommend for book publicity and marketing, and you're in luck. One of my friends, and a wildly talented PR and marketing expert, Maria Menenses Gutierrez, has started up a marketing company called Milesmaria (Facebook page here). In their words, "Buzz around a new book, a media plan for your new indie film, helping to build and brand your company, our plan of action will work towards making sure your audience knows about your story." So if you have a book and need some help with buzz, check them out.

Also this week in plugs, Will Entrekin is one of the very first people I knew who really mastered social media and was a large help when I was building my Myspace blog (oh, 2006!). He and Australian co-author Simon Smithson have made waves with their short story collection SPARKS. So please do check that out as well.

The links!

One of the major news stories of the last month has been the ongoing Wikileaks saga, and it's something I've watched with complete fascination because it so starkly illustrates the effect the Internet is having on society. In one of the best and most fascinating blog posts I've ever read, science fiction author and futurist Bruce Sterling tackles his thoughts on Wikileaks, which he actually feels quite ambivalent about despite his long fascination with hackers and his sense of Wikileaks' inevitability. Definitely worth a read in full despite the post's length. (via io9)

And speaking of the future, on Friday I mentioned just how many tablets were debuted at CES, and wondered about the implications the tablet explosion would have on the world of books. Well, PWxyz is wondering the same thing. In a post called, Where Are All the Publishers?, Calvin Reid tracked down a few of the publishing types at CES, but was left wondering why publishers weren't more fully engaging with the show.

Borders could very well be on the ropes as they have suspended some payments to publishers, and at least one of the Big Six publishers have stopped sending them books. Yikes.

2011 marks the sesquicentennial of the start of the Civil War, and there's surely going to be quite a lot of attention and renewed interest in it. Salon rounded up their picks for the Top 12 books about the Civil War, including my favorite, BATTLE CRY OF FREEDOM.

Mashable had a post by the president of McGraw-Hill Professional about five e-book trends to watch in 2011, including that prices will have to stay above $9.99 and that publishers will be more important than ever. On the flipside you have Smashwords CEO Mark Coker, who offered up his own five predictions for 2011, which

20 Comments on The Last Few Weeks in Books 1/10/11, last added: 1/11/2011
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49. Borders’ Books, Inc financial troubles cast ominous shadow over independent booksellers

Gayle Shanks has fought a sometimes frightening battle against national book chains (mainly in the business to sell and publish a book) for 36 years, so one might expect the independent Tempe bookseller would be overjoyed at news that the goliath Borders is in dire straights.

But that would be like judging a book by its cover.

Sure, Shanks figures the chain’s death would lure its former customers to her Changing Hands store in Tempe.

Yet she sees peril for bookstores, for readers and for the nation’s culture.

Michigan-based Borders is the nation’s second-largest book retailer and its large debts to vendors could take down small book publishers and hurt the surviving ones, Shanks said. That could limit what even the most independent-minded bookseller could offer adventuresome readers.

“I think my biggest concern, really, is what it means for the book publishing world and ultimately what it means for diversity and finding a marketplace that will be diminished,” Shanks said. “We will have fewer authors finding publishers for their books. We’ll find fewer books being published and that might in fact mean that only huge, commercially viable authors will find their books going to market. That worries me.”

Borders has stopped payments to some children’s book publishers, who have in turn cut off shipments of new merchandise. Published reports include speculation that Borders will be forced to reorganize under bankruptcy protection or that its declining sales, market share and stock value will doom it.

Border’s troubles became more apparent after the holiday season, Shanks noted, when it reported disappointing sales even as most retailers and rival Barnes & Noble saw small to large improvements. Amazon.com would likely benefit from a Borders’ failure, but Shanks finds that troubling, too.

“That’s just the best-sellers and one level below,” said Shanks, the store’s co-owner and book buyer. “Unless you know exactly what you want to read, it takes the adventure and the curiosity factor out of what’s involved with finding a new author.”

Borders was the chain that mostly directly challenged Changing Hands, a store Shanks helped found in 1974 in downtown Tempe. Her initial 500-square-foot store expanded multiple times on Mill Avenue, where, roughly a decade ago, Borders opened a 25,000-square-foot store three blocks from Changing Hands.

The independent store opened a second location on McClintock Drive and Guadalupe Road in 1998, closing the downtown one in 2000. Borders later shuttered the downtown store.

Shanks believes Borders’ woes are a typical example of a chain not keeping up with e-book publishing industry trends — especially electronic readers — and not a sign books are obsolete. She’s seen an interest in people reading, whether its books on paper or on e-readers. Even on a weekday afternoon, Shanks said, Changing Hands can be full of customers.

“We really have been doing fine and 2010 was close to a record year for us,” Shanks said.

Borders and Barnes & Noble overbuilt, she said, adding it’s impossible for them to sell the number of books required to pay rent on all the square footage they occupy in the Valley.

A Borders failure would leave three empty stores in the East Valley, at Superstition Springs Mall in Mesa, at a mostly empty shopping center east of Fiesta Mall in Mesa and at the Chandler Pavilions. By comparison, Barnes & Noble operates five East Valley stores.

It’s unclear who would win Borders’ customers – especially from

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50. Bonus: Is Borders ruining the few books it can sell?

Along with Borders’ financial problems in the previous item, reader Larry Robertson just wrote in with a complaint regarding the placement of anti-theft stickers INSIDE books:

My daughter went to a local (Evansville, Indiana) Border’s Books today. She had some 50% off coupon she wanted to use. She wanted to buy a TPB or HC of something. To her dismay she found that ALL the TPBs and HCs in the graphic novel/comics section had those evil little ant-theft stickers stuck INSIDE the books towards the center binding! From experience we knew these things are not likely to come off of paper without tearing it so she didn’t buy anything.This is the first time I’ve ever heard of sticking these things INSIDE a book. I’ve seen them on the outside before and even then it’s usually on the shrink wrap itself.


Robertson doesn’t know if this is universal or just some sick stock clerk at his store, but he did supply a photo of the sticker — we’ll back up the claim that these are hard to remove without some damage.

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15 Comments on Bonus: Is Borders ruining the few books it can sell?, last added: 1/5/2011
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