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Borders Delays Payments
Posted by Tom Mason Categories: Editorials,
Borders Books is not going to have a happy new year in 2011 and neither are any publishers in their brick-and-mortar stores.
From the Wall Street Journal:
"The company reiterated an earlier disclosure that without refinancing, it could violate its existing credit agreements in the first quarter of 2011 and ‘experience a liquidity shortfall."
This is bad news for publishers and especially bad news for comic book publishers. In the past, when even a small distributor has gone under, it’s deeply affected comic book publishers and pushed several into either lean times or bankruptcy.
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