Cue the four horsemen: Bloomberg says Borders bankruptcy is imminent

According to Bloomberg mobile:

Borders Group Inc., the second- largest U.S. bookstore chain, may file for protection from creditors as soon as next week, according to three people familiar with the matter. The retailer will likely close at least 150 stores, one person said. The people declined to be identified because the proceedings aren’t public.

Read the rest here. If you really want to...

Meanwhile, the NY Times is reporting the end of their book blog, Paper Cuts, and rolling book news into Arts Beat.

Note to self: Buy more frownicons.