InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Borders Total Sales Fell Nearly 13 Percent Last Quarter

308.jpegYesterday Borders Group announced that total sales were $1.1 billion for the final quarter in 2008, down nearly 13 percent from last year. For the year, total sales declined by almost 9 percent.

Earlier this week, Borders Group reported that Pershing Square Capital Management had extended the bookseller’s $42.5 million loan until April 1, 2010, granting the struggling company a chance to recover this year.

In a statement, CEO Ron Marshall praised the new terms: “The extension of the loan gives us some necessary breathing room, which is important in the current economic environment.”

Mediabistro Course

Writing Outside the Mainstream

Writing Outside the MainstreamStarting September 18, build your freelance career in African-American, Latino, or LGBT publications! Using a combination of writing exercises and targeted research, you'll learn how to generate salable story ideas, write pitches, build relationships with editors, and position yourself as an authority in your market. Register now!