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To describe the sorrow of bookstores is to join the dirge-singing chorus. Everyone knows the tune: s...
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To describe the sorrow of bookstores is to join the dirge-singing chorus. Everyone knows the tune: sales at bookstores have fallen because buyers are ordering books online or downloading them to e-readers. Bookstores may be great places to browse and linger, but online is where the deals are. In the latest chapter in the Borders legend, the bookstore chain has agreed to sell its assets(资产)for $215m to Direct Brands, a media-distribution company owned by Najafi, a private-equity firm, which would also assume an additional $220m in liabilities(债务). This will serve as the opening bid for the company’s bankruptcy-court auction(拍卖),scheduled for July 19th.
Whatever happens at the auction will decide the fate of the bookseller, which has already closed more than a third of its stores. Because Direct Brands is an online and catalogue-based distributor of music. DVDs and books, some think that a deal with Najafi will do little to keep the remaining bookstores open. Rather, the company will probably see value in the Borders distribution network and liquidate(清算)almost everything else. Regardless, the story doesn’t look good for store employees and their shrinking customers.(The company, which employs more than 11,000 people, has racked up more than $191m in losses since seeking bankruptcy protection in February, according to the Wall Street Journal.)
Nashville, Tennessee, is still facing several bookstore closings, including a Borders and the more beloved Davis-Kidd. The result, as reported in the Nashville Scene, is an“object lesson in how truly awful it is to live in a town where used bookstores and the pitiful offerings of Books-a-Million are all we have.”The problem, however, is that no one seems willing to buy full-price books anymore. Campaigns to get people to buy books from their local bookstores—such as“Save Bookstores Day”on June 25th—miss the point. While there is a demand for real bcicks-and-mortar places to gather, drink coffee and read new books, such places can’t exist if the market can’t accommodate them.
Besides coffee, access to Wi-Fi and yoga mat, what will people pay for to enable a bricks-and-mortar bookstore? Could independent stores charge membership fees, which grant access to books at slightly lower prices? Would a corporate-sponsorship model work? Perhaps bookstores could become tax-subsidized(补贴税收的)places where people can browse and linger, but only borrow the books for limited periods of time—what the hell, let’s call them libraries.
At any rate, the market is squeezing out a meaningful public space. It will be interesting to see what fills the void(真空)these bookstores leave behind.
1.According to Paragraph 1, Borders went bankruptcy because ______.
A.its bookstores are not cozy enough to stay
B.a media-distribution company has purchased it
C.customers tend to buy books online or read e-books
D.online bookstores have totally replaced it
2.It is suggested in Paragraph 3 that ______.
A.people in Nashville have protested against bookstore closings
B.the campaign to save bookstores did have some effect
C.people’s reluctance to buy full-price books is a reason for bookstore closings
D.people in Nashville feel indifferent to the bookstore closings
3.Which of the following is true about saving bookstores?
A.Local business and government should help out.
B.There is no proper and feasible method by now.
C.Bookstores should learn management from libraries.
D.Bookstores should enlarge entertainment places.
4.Which of the following is the best title for the text?
A.Goodbye to Bookstores
B.Online Reading or Buying Books from Bookstores?
C.The Bankruptcy of Borders
D.How to Save Bookstores from Closing?
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