In a tough blow for the brick and mortar bookstores coming out of the holidays and heading into the new year, Borders has acknowledged that it delayed payments to vendors. In a statement released yesterday to PublishersMarketplace.com, Borders claimed restructuring its vendor financing was part of an ongoing potential refinancing of its existing credit facilities. Without such a move, the company faces a liquidity shortfall. The Wall Street Journal reports that the retailer doesn’t know it new funding will materialize and it is unclear whether publishers will be understanding enough to send fresh product. Borders and rival Barnes & Noble have been weathering a worsening storm of customers opting for online shopping and e-books, trading the charm of browsing bookshelves for discounted wares…
Former New York Times reporter Judith Miller’s landing at conservative site Newsmax is causing a bit of a stir. Miller, who also contributes to the conservative-leaning Fox News, will always be known for controversy over whether her pre-Iraq invasion reports about possible weapons of mass destruction was used by the Bush Administration build momentum toward the subsequent invasion. She also spent 85 days in jail after refusing to disclose that Scooter Libby, the former aide to vice president Dick Cheney, had disclosed to her that Valerie Plame was in the CIA.
Miller recently used her experience on that topic to debunk the Plame pic Fair Game in an op-ed piece for the Wall Street Journal, calling the film well acted, but a “gross distortion of a complicated political saga.” Firing back in an essay for Columbia Journalism Review, Liman wrote: “Judith Miller demonstrated in her recent WSJ story about my film, Fair Game, the same cavalier attitude towards the facts that led to her departure from The New York Times in disgrace. And we should never forget that Scooter Libby outed Valerie Plame to Miller in June 2003—more than two weeks before Richard Armitage outed Plame to Novak. Somehow Miller neglected to mention that in her op-ed piece. But she also forgot about that before—in her early grand jury testimony—until she was forced to come clean about it in a subsequent grand jury appearance and under oath at Libby’s trial. Miller’s belated testimony helped convict her “source” Libby, but not until she did everything she could, as a forceful proponent of the war in Iraq, to avoid telling the truth to the American public. And so here we go again.” Moviegoers didn’t seem to care much about the controversy, based on ticket sales. The $22 million budget Fair Game grossed less then $10 million domestic, and less than $19 million worldwide…
The producers of Spider-Man Turn Off The Dark have officially acknowledged that Natalie Mendoza is leaving her role of Arachne,
something that seemed obvious to everyone after she suffered lingering effects from a concussion early on in the Julie Taymor-directed musical. In a statement, Mendoza said, “It has been a difficult decision to make, but I regret that I am unable to continue on Spider-Man as I recover from my injury. I wish Julie and the cast and crew every success with this production.” They will need more than luck. How about a month’s worth of preview performances with no more mishaps before February 7 opening night? From what I’m hearing, the audience concern over dangerous-looking high-wire stunts is having an adverse impact on the entire experience. It’s hard to immerse oneself in the Spidey saga if you are worried about the safety of performers flying overhead…
Finally, there are widespread reports today that Brad Pitt is re-teaming with director Andrew Dominik for Cogan’s Trade, a movie that will shoot early next year. But Deadline readers already knew that: we broke that story on November 2.
New ‘Man Of Steel’ Television Spot #6


There is no “charm” in browsing the bookshelves when you’re surrounded by homeless and squatters camping out for the day amongst the books and magazines. Barnes & Noble in the Santa Monica Promenade is the busiest homeless shelter in town… No thanks. I’ll order from Amazon.
yeah well, not every area in the country is like that, and it means a lot of jobs. They should put an internet tax on procuct sold via the internet. we are a country of consumers, and soon, we won’t even employ that many people to actually sell to consumers.
Even with an Internet tax, I’ll still buy books at Amazon and the such instead of in the stores. It’s a better selection, I can read more reviews of the book, and most of the time its significantly cheaper (even with S&H, which can be free with Amazon). And that’s the real problem that the Blockbusters and the B&Ns are having – its overhead is way too high for what is becoming a substandard product.
I concur. I was at a charming second-hand bookstore in Berkeley which I would have had spent more time in if the smell of urine and mildewy clothes did not permeate the air so pervasively.
How callous, as an author who has a book on amazon.com, with three more planned I will sit the homeless any day from NY to MI, Chicago and LA ask how they got there. Most don’t want to be homeless.
As for the book sales at borders. They need to go back to their origins. Drop the coffee shop sandwiches, add more discount DVD’s, clubs etc.
As for the CIA movie I’m tired of the twitterization of movies.
Nothing fictional is accurate or reliable. It’s a fucking movie.
I, like many people, still like to walk along the shelves and hold the books. I LOVE BOOKSTORES.
“Cleanitup”, thanks for finally sticking it to the homeless people. Their power hungry ways will hopefully continue no more. In this post, the out of control antics and spending of the Spidey play was covered, along with the outrageous actions of the Bush Admin, Yet you took the time to go after the homeless. Well done!
“Sillyninja”, yeah, well, when you’re a woman and you’re being followed around by homeless guys hitting on you (that are twice as tall and heavy as you), maybe you’ll think twice about it, hey? Or when you’re trying to pull out of the parking structure and some homeless dude is threatening to smash your car window. Not exactly an enchanting shopping experience.
You were probably being an uptight b*tch.
Yeah, amelia, let’s not get carried away with gross exaggerations…
SP Hudson, how charming! Wow, you really plead the case for the homeless well, don’t you? (sarcasm in case you don’t get it)
Zach, that was no “gross exaggeration” – both things happened to me, and I was in my friend’s car coming out of the Santa Monica promenade parking structure when that happened.
Now that I’ve learned that people are being inconvenienced by foul odors and delusions of harassment, I’ve come to realize what a tragic burden homelessness is for the non-homeless.
Those selfish, boorish vagrants should have the decency to curl up under an overpass and die already. Preferably downwind, though.
Steve, you’re saying that all women who are harassed are delusional?? Wow, way to go, woman-hater.
Nope, not all women – just you.
Was the homeless guy who ‘stalked’ you black? Maybe you can petition Borders to get rid of all the black people, too. You know, since one person is totally representative of an entire group.
No, I think he’s saying most women are whiny/delusional and they themselves lessen the credibility of those women who actually are legitimate victims of harassment. To most women in L.A., getting caught in accidental awkward eye-contact is whooped up as being emotionally-traumatic harassment that may never be recovered from.
The problem isn’t Borders, it’s Santa Monica. It decided many years ago towelcome the homeless. So I’m sure the homeless problems you’re having isn’t confined to The Promenda.
It’s a sign of technology that bookstores are becoming obsolete…like it or not. Now, if we can just get some “tech” to eliminate “Jersey Shore”, Fox News and Walmart…well then 2011 will be off to a rocking start! Happy & Healthy New Year to everyone.
Fox News and Walmart are among many extremely successful businesses that the Normal-American Community not only wants, but actively supports with its hard-earned money.
Compare and contrast with the leftist stuff run by the greedy and corrupt Oppressives, such as MSNBC, CNN and Borders – the difference is obvious, and the latter are dying. Very quickly.
I love the “Very quickly” melodramatic sentence construction. You should be a screenwriter.
The reason people buy the Chinese-made crap at Wal-Mart is because it’s all they can afford.
The reason people watch Fox News is because it provides the comfort food of somebody else to blame.
People like you are ruining America every minute of every day. Very quickly.
“…it provides the comfort food of somebody else to blame.
People like you are ruining America…”
Irony is funny.
“Fox News and Walmart are among many extremely successful businesses that the Normal-American Community not only wants, but actively supports with its hard-earned money.”
If it please the court I would put remind The Clintidote that Fox News costs nothing to watch. Nor does Rush Limbo.
However conservative newspapers that must actually be purchased, (like the Moonie Paper the Washington Times) are bleeding red ink.
“The Normal-American Community” ??
Normal-American Community? Like the dozens that have protested and blocked Walmart during the past decade?
The tens of thousands that sued Walmart in several class action suits? BTW- Walmart lost most of them. Over the seven states that found that Walmart in all their stores within in their states systematicaslly voilated child labor laws? Or the tens of thousands who took a job at Walmart because their weren’t any thers just to be “advised” by he store to apply for medicaid. Which menat for taxpayers being spent. Yea, Normal America Communities are rally happy with Walmart.
Hate to hear about any bad news for a bookstore. But the Borders at Sunset/Vine has been a disaster the last couple of trips. Shelves a complete jumble, books out of order, napkins and old cups of coffee sitting on the shelves unnoticed for who knows how long. And ONE poor, harried staffer running around trying to look up books and ring people up and answer questions. This happened twice in a row over two weeks. Won’t be going back. Nothing like stepping over a dollar to pick up a dime, Borders.
We will sadly rue the demise of bookstores. I can’t speak for the Promenade B&N, but the tactile experience that stores like Taschen and Rizzoli always provided its customers have been the stuff of dreams and comfort. Our children will never have that experience and maybe that’s good, but maybe that’s bad. I suppose they’ll never really know.
Actually, if you remember “You’ve Got Mail,” how the Borders-copy bookstore drove the small bookstore out of busuiness…the opposite will happen.
The big bookstores can’t compete with Amazon, for the reasons mentioned above…but the little bookstores, with indy ownership and generally less overhead and lease requirements, CAN compete…not well, and maybe not forever, but for the time being.
So they’ll know bookstores…maybe not in every community, but they’ll be around…Borders/B+N, etc? Not so much.
You can’t pay employees $8/hour and expect them to care about a mindless corporation…but you can run a local business where the owner actually knows the employees.
Or I’m whistling in the graveyard…probably.
I agree. Maybe the business model of “paper” books in a brick and mortar establishment had to change, but I am certain the downfall of bookstores will not be a win for overall society. I’m trying not be nostalgic but it’s something that I will miss.
Sadly, the main Borders store in Boston has similar problems. They keep the heat on way too high to be comfortable for more than a minute or two, even in the summer (or so it seems), and they don’t seem to disuade the gaggle of people who panhandle in front of the place either. It’s a real shame. I’m not bothered nearly as much by the panhandlers as I am about the stuffy, uncomfortable store itself; we think they do it to discourage people from staying around too long…but it’s also driving good customers, like my wife and I, away from their store.
@To ‘cleanitup’…..
uhhhhh……the entire city of Santa Monica is all freaks because of non enforcement policies; don’t sit on a bench you’ll get diseased.
It’s disgusting to bring any visitors to Santa Monica…i never after my relatives saw the bums showering outside at the beach and sleeping on park benchs, and harassing shoppers on the prominade……
Sic perverts running Santa Monica take them to federal court for criminal harassment.
…and yet apparently you still live there….why not move to Salt Lake City?
Agreed. These stores don’t have the balls to keep the store free of obvious street folks. I LOVE browsing actual books, and am still holding on to reading hard copies. But, I realize it’s all coming to an end. Damn.
The internet will destroy physical retail as we know it if they don’t get their act together. The only way to combat this is to match the price or reduce the product price itself by 10% compared to what you’ll find on Amazon. Amazon and WalMart are kings because the prices are reasonable and lower than everywhere else. Best Buy. Borders. Barnes and Nobles. You name it, they are all going down.
CleanitUp- I know just what you mean. I lived in Santa Monica for about 12 years and was always at the Promenade. Yeah, the homeless population is strong there.
However, that’s a minority case. Most bookstores- from my hometown of Alabama to my current home in Del Mar- offer fantastic, clean, stimulating experiences and I will really, really miss them when they- sooner than later it seems- go the way of the dodo bird
.
David
Sounds like a typical west side liberal.
I’ll even go further: sounds like a typical godless communist.
“Fair Game”, one of the top ten, if not top 5 pictures of the year. Certainly the most underrated film of the year. Academy members take note.
I’m surprised she had not surfaced at Faux News, where the dregs of humanity who have lost all credibilty usually wash up.
the only dregs of humanity are people like you.. typical Liberal, full of hate and malice. run along to CNN, they need the viewers..
Bookstores are essential to our culture, as are printed books, but why think of May in November when December is all that you’ll get? Other than those who go online to order a specific book, most people walk into bookstores wanting to just browse for something that strikes their fancy. Many readers want A book, not THE book. You can’t do that online.
Imagine being hungry for a particular meal and ordering it from a restaurant without looking at the menu (which may have something different or even better). Remember visiting a video store because you wanted to see SOMETHING but you didn’t know WHAT until a box caught your eye on the shelf? Netflix can’t compare, nor can Amazon, B&N, or any other website.
Like targeted news websites, people can now find more of what they already know rather than enjoy the possibility of encountering new ideas. Similarly, bookstores (like libraries) are places to expand, not shrink, one’s world view. No wonder solipsism has replaced knowledgeable discourse.
But I’m an author who needs bookstores, so what do you expect me to say?
What sucks about L.A. is there aren’t great remaindered/used bookstores like in other parts of the country. There’s Alias Books next to the Nuart, but it’s really small and the selection is limited (though often really top notch/well-curated). If you’ve ever been in a Half-Price Books, you know what I’m talking about. Los Angeles could use one in the worst way as one used bookstore after another has gone out of business.
While the number of L.A. indie bookstores is dwindling fast, please don’t overlook the Brand Bookstore in Glendale or Iliad Books in North Hollywood. Both have hugs offerings of used books, knowledgeable staffs, and Iliad even has that most necessary item, a store kitty cat!
The internet cuts out the middleman.
Unfortunately we’re a nation of middlemen.
Welcome to the new normal. Enjoy your stay.
Gee, maybe it wasn’t a smart idea for the union workers at Borders to post derogatory comments about their customers on their forum a few years ago. Or brag about how they hide books the union didn’t approve of. People remember crap like that, and there are plenty of businesses where the workers know they’re supposed to serve the customer, not talk down to them.
Really? That was very wrong of them to do that.
Hell, 97% of conservatives are illiterate, so the problem would have eventually solved itself.
strange, the only idiots in this country that can’t read or write, all come from Chicago, New York and L.A – bastions of Liberal bullshit and hate.
I have no sympathy for the Publishing Industry as a whole. It’s been tantamount to an exclusive “Country Club” for a long time. There’s lots of other “artsy” industries that not so subtly seek to preserve an environment reminiscent of less “civil” times. Journalism, advertising, and to a large degree, film making all can be added to that list. I’d like to see what option await all the “talented” snobs when they get their wake up call and realize they’ve been drinking their own kool-aid..
Re: Fair Game
I’m sorry but we’ll never know the truth. The intelligence community prides itself on its ability to DECEIVE. The woman is alive. What’s the big deal? I can’t believe her story became a movie. Oh, see comment on Publishing. lol
Re: Spiderman
Adults actually spend money to see a play about Spiderman?! When I go to Broadway it won’t be to see a play about a comic book hero that’s for sure. I guess “escapism” designed to support “cronyism” lives. Jim Crow didn’t die. He became more sophisticated.
Ummmmm….if you hate the arts (including film) so much, why are you on this website?
Oh, right.
NO. LIFE. HAVING. TROLL.
Place is filled with them lately.
I love book stores, too but after receiving a Border’s Gift Card for Xmas and going into the downtown Seattle Border’s I quickly learned why I typically go to indie book stores or use Amazon. Border’s has apparently decided to compete with the Internet stores by offering high prices, poor selection, and a lack of employees to assist you. Shopping at their website wasn’t any better…it wouldn’t allow me to use the gift card and once I finally reached a customer service rep, they weren’t any help either. I finally used the card this morning and got a DVD that is typically $10 to $20 cheaper at Amazon or Deep Discount. Yes, it’s sad that a major retailer is apparently collapsing, but management has themselves to blame for lack of foresight and poor business decisions.
Well said Santayana. It would seem that all this fantastic technology has given us the opportunity to become a nation of fucking morons.
Rich – Sad but true. Denis Leary would agree.
No offense, but there’s an incredible lack of economic intelligence here re prices.
Most of these stores are located in upper class suburbs, and downtown city areas. Rents at these places are EXPENSIVE. (Whereas indy bookstores often tend to be located in the “wrong side of town” alongside car washes and tattoo parlors)
So guess what? Items will be more expensive. And admittedly, they should probably just forget about selling dvds and cds because they simply can’t compete with the Best Buys and Targets (using entertainment as loss leaders) or the “free” provided by the net.
This news about them not being able to pay vendors is a foreboding sign though. I remember when Tower Records started skipping payments. The record companies stopped sending them product in August 2006 and the bankruptcy and store closings were done by Christmas. The writing is on the wall fo Borders, basically because B&N’s Riggio brothers can probably hold out longer.
Once Borders’ closes that’s a huge amount of competition gone because in many localities you’ll find a B&N and Borders right within several blocks of each other.
Great digs on the homeless in this thread. CleanItUp, I hope the economy takes another dip so I can one day throw change at your head from a 405 onramp while you stand there with “Will Work For Low-Fat Mocha Latte” scribbled across the front of your iPad.
Stay at home. Online shopping is ideal for insufferable people like you who no one wants to deal with in person anyway.
Well said. I can’t believe the amount of hatred for the homeless on this thread. It reminds me of Christian Bale’s character in “American Psycho.”
I work p/t at a bookstore. Hours have been slashed so there are never enough folks on the floor. Just cleaning up the magazines that EVERYONE feels fine abou reading and tossing on the floor takes hours. And I love the tools who tell me,”I put my mags back.” Like actually buying them wasn’t an option. People are pigs in the store…shoes off, on walls and furniture, pants undone, couples dry humpin in the stacks. Stay classy, book lovers
Hey, deadline team, it wasn’t just judith miller who eviscerated the factually challenged Fair Game.
Read the Dec 3 editorial from the Washington post
Hollywood myth-making on Valerie Plame controversy
A Washington Post editorial? Oh, fer crissakes, tell me you’re joking.
The Washington Post editorial page is rife with warmongering columns, and the editors of that paper are as guilty as Judith Miller of trying to instigate a war of choice. They’re still just trying to re-write history in a vain effort to get the blood off their own hands.
I find it interesting and amusing that Fair Game and Borders Books is on the same blog article together.
Honestly I can tell you retail has been in trouble for sometime. I’ve been to Borders,Barnes and Noble and I’m a frequent buyer on Amazon. It appears that Border Books is in serious trouble when it can’t pay in its vendors. This could be a serious sign of bankruptcy to come. I can tell you too that barnes and noble is in trouble too for its looking for a buyer.
Now the reason that Brick and Mortor retail is in trouble is that some don’t change thier business models to compete with the internet. Now other corporations have. But others are slow to change and when they don’t change they lose business and constumers. I wouldn’t be surprise if the local Santa Monica Mall has vacated retail lots due some owners high rent. I can tell you that happened with Pemberton Mall here in Vicksburg Ms with its owner CBL Associates. They let the mall go to waste and in turn CBL sold it to another mall developer for CBL Associates now has debt issues as well. Just google it and you’ll find it.
Question is now how long will Barnes and Noble last in the constantly shifting business climate.