Do Americans Spend More on Books or Movies? Conventional Wisdom Is Often Wrong.
Borders filed for bankruptcy on February 16, and the bookselling behemoth will be pulled from the New York Stock Exchange today, March 21. This collapse of the second-largest bookseller in the U.S. hangs like a pall over the entire book industry. Just as the growing interest in digital reading devices has led some pundits to cry that the “death of books” is nigh, some would have us believe that the Borders book bungling is representative of the entire book industry. So how healthy is the bookselling industry really? On the day Borders filed for bankruptcy protection, Publishers Weekly put numbers […]
