Borders Screws Publishing World, But Good (UPDATED)

They drove this reporter to madness, why not ruin what little remains of the book biz while they're at it?

One potentially major concern is whether Borders will still receive shipments from publishers. A spokesman for the Ingram Book Group, one of the country’s biggest book distributors, said on Wednesday that the company was no longer shipping books to Borders.

Large publishers already have accepted that they will lose millions on books they shipped to Borders throughout the holidays. Wiley, for instance, has already written off $9 million in debt.

Penguin Putnam is owed $41.1 million, according to the bankruptcy filing. Other publishers owed money include Hachette, Simon & Schuster, Random House, Harper Collins and Macmillan.

We were disappointed that the particular shit-hole where we were wage-enslaved will not be closed in this round, but there's no reason to think any of the stores will be around w/in a couple of yrs.

Ha fucking ha.

UPDATE (1650PT): From the AP, more nos.:

$36.9 million to Hachette Book Group, $33.8 million to Simon & Schuster and $33.5 million to Random House.

More evil laughter.