John Keith: Borders DTX is Another Hole in The Ground The Borders in Downtown Crossing will close soon, victim of its parent company’s bankruptcy. What should be done with the space? Borders Group, Inc. is in the process of liquidating its holdings, selling off the entire inventory in its 399 bookstores before going out of
He’s right, of course. But there’s another factor here that might make us yearn for a little more righteous indignation on the part of our mayor. I’m referring to the involvement of a certain newspaper from a certain city. The New York Times Company (NYT) bought the Globe for $1.1 billion in 1993, and later added a 17% stake in two other Boston heirlooms, the Red Sox and Fenway Park.