Borders Filing for Bankruptcy

Hamilton Nolan · 02/11/11 03:45PM

Faltering book chain Borders, which has been on a financial death watch for weeks, will file for bankruptcy next week, after failing to get a lifesaving loan. "Borders initially plans to close about 200 of its 674 stores." Initially. [WSJ]

Blockbuster's Finally Going Bankrupt

Hamilton Nolan · 08/27/10 10:47AM

Blockbuster—an anachronism in a Netflix/ on demand world—will be filing for bankruptcy next month, according to the LA Times. Fear not, sentimental veterans of many a "Blockbuster night" (making out): the Blockbuster brand shall not disappear.

Media Job Market Only 93% as Terrifying as Last Year

Hamilton Nolan · 04/07/10 12:32PM

In your hot hot Wednesday media column: a (relative) tidal wave of journalism jobs, a plan to save CNN, a publisher goes bankrupt, and Conde poaches Elle's branding mastermind.

Bookie Goes Bust

cityfile · 12/03/09 01:39PM

Off-Track Betting, the quasi-public agency that has provided so much joy to this city's population of gambling-addicted, alcoholic miscreants—and turned more than a few neighborhoods into cesspools in the process—has filed for bankruptcy protection and now plans to scale back operations. [NYT]

Trump's Ego Sustains Further Damage

cityfile · 11/17/09 02:48PM

Donald Trump and daughter Ivanka have given up on their bid to regain control of Trump Entertainment Resorts, the bankrupt company that controls the three crumbling Atlantic City casinos that bear the Trump name. In other not-so-encouraging news for the family, it's now considered "likely" that lenders will soon foreclose on Trump Soho, the epically troubled condo/hotel on Spring Street. Some good news? If you're feeling drowsy this afternoon, a visit to the Trump Soho website will wake you up and that's totally free of charge. [WSJ, Curbed]

Close to 200 Layoffs at Conde

Hamilton Nolan · 10/05/09 12:30PM

In your deathly Monday media column: More details on today's Conde Nast purge, point-counterpoint on Tribune Co's criminal management, an online news operation folds, and a journalist is killed.

The Fall of Kent Swig

cityfile · 09/24/09 12:47PM

Is real estate mogul Kent Swig headed down the same path as Hassan Nemazee, the banker who stands accused of providing banks with false information to obtain nearly $300 million in loans? The Real Deal reported on Monday that Swig, who is facing a series of lawsuits over several real estate deals that have gone bust, may be forced to file for personal bankruptcy if a $28 million judgment against him is enforced.