publishers

Kevin Rawlings / Creative Commons

75 workers will be laid off from Christian book publisher Zondervan’s distribution warehouse in July of 2012. Zondervan currently employs 325 people.

Scott Macdonald is president and CEO of the Grand Rapids-based company that publishes Bibles, children’s books, and Christian authors.

“We’re a family. We have a long history and heritage (in Grand Rapids). This is a significant impact on our family but it’s one that’s driven by a changing business climate and it’s the right decision for us at this time because of that.”

Courtesy Creative Commons

Borders Books has been struggling to survive. 

Yesterday, the Ann Arbor bookseller announced it had lined up $550 million dollars in financing to stay afloat.

The deal is contingent on Borders reaching a deal with book publishers. It's been reported that the company set a February 1st deadline for the publishers to agree to take up to a third of the booksellers debt. A Borders spokeswoman would only say the company has not stated a specific date. 

The deal with GE Capital announced Thursday could help. Or it may not. The Wall Street Journal is reporting that Borders is still looking for money to finance the company through a possible bankruptcy filing.