If you’re an independent bookseller in Australia at the moment, you probably feel better than anyone else in the industry does, writes Henry Rosenbloom, the founder and publisher of Scribe Publishing.
The phrase "private equity to bid" is no indication of news, or quality in a story.
In 2009, the number of Australian bookshops stood at around 2270. Following the REDgroup administration, and other shop openings and closures, we know that this figure is now around the 2000 mark. Some suburbs and towns are now without a dedicated bookshop, writes Bookseller + Publisher's Elly Keating.
Australia's largest book retailer is on the verge of total collapse, with administrators likely to break up the Borders and Angus & Robertson chains to sell to other retailers.
Should the demise of the mega bookseller come as a surprise? Probably not.
Book retailer REDgroup is a victim of online retailers (and the federal government's rejection of recommendations to open up the local market) or simply poor management. Crikey asked publishers and retailers what it means.