“Forgotten Hollywood”- Can Borders Be Saved?

Posted on June 2, 2011 by raideoman1 | No Comments

Manny P. here…

   My radio co-host Gary Lycan sent me a very interesting item today. According to published news sources:

               

   Borders

The Gores Group, which controls radio syndicator Westwood One and DVD/video game distributor Alliance Entertainment, is bidding to buy bookstore chain BORDERS out of bankruptcy. The Wall Street Journal reports that Alec Gores is a mystery bidder said to be proposing a purchase of over half (200) of the troubled retailer’s stores, keeping the chain operating and mostly intact.

   A related story also appeared in the New York Times. I’ll keep you posted as this situation develops…

This entry was posted on Thursday, June 2nd, 2011 at 10:13 pm and is filed under Blog by Manny Pacheco. You can follow any comments to this post through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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