MIAMI -- "Vanishing stores are sad way to close book," read one headline. "The last days of once upon a time," said another.
Last month's news that the giant Borders bookstore chain had collapsed, taking 400 stores and 11,000 employees with it, leaving behind only a couple of hundred millions of dollars in IOUs to publishers, was for many the seventh sign of an impending apocalypse: for bookstores, for the art of reading, for the very concept of literacy.
But rather than the first steps of a funeral cortege, the death of Borders is really just the first little dip on a wildly careening roller coaster ride for the people who write, publish, buy and sell books. It's going to shake us up, down and sideways, industry figures say, and some people may get thrown from their cars. But one group is sure to be happy at the end: readers.