![]() We have put them on shipping hold until this is resolved." - All those e-reading devices people received as gifts during the holidays continue to pay off in e-book sales. Kuo-Yu Liang, Diamond's v-p of sales and marketing,Ĭommented: "Borders has confirmed they have stopped making payments, so ![]() InĪ related note, Diamond Book Distributors has ceased supplying Borders Borders had asked the publishers to designate a legal advisor. Publishers are now represented by law firm Lowenstein Sandler andĬonsultant Alvarez & Marsal, the Times said. The talks between Borders and publishers about Borders's debts, the One publisher told the Times that the plan is not "a convincing strategy." Borders made good on one part of it: it cut 15 more managerial jobs yesterday. Liquidity and expand marketing efforts, as well as sell some assets,"Īccording to the New York Times. ![]() ![]() GE Capital and others and has a plan to "reduce costs, improve Group has told publishers that it is close to securing refinancing from ![]()
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