Quote:
Originally Posted by fjtorres
So they prefer whatever they can squeeze out of the liquidation and no future income out of a brand that still controls 20% of print book sales?
Doesn't sound like they care overmuch about future impacts of channel consolidation.
We'll have to remember this the next time the BPH mouthpieces whine about Amazon's "market domination".
|
Well, if you're owed millions of dollars and Najafi cannot guarantee future payments ...
Najafi planned to close over 50% of the remaining stores. Future sales would have been greatly reduced anyway. Maybe the publishers were hoping another entity would fill in the retail void.