joining us by phone now from new york is sarah weinman, news editor of publishers marketplace. ms.einman, what happened in the weeks leading up to july 18? it seem that borders was going to be resurrected or save. >> it did seem as if borders was going to be saved. what happened is that najafi cos., which was a private equity company based out of i believe arizona, which owns direct brands, which had also owned what used to be known as book-of-the-month club. they put in a bid for approximately $215 million in assets and also would have us into an $20 million in liabilities. everything looked good right up until the beginning of this week when all of a sudden everything started to fall apart. creditors for borders had objected. they thought that najafi wasn't entirely forthcoming in the sense that they weren't absently sure that they would keep borders going as a going concern. so they were worried about this. and najafi couldn't exactly come out and say one way or the other. so depending on which vantage point you're looking at, either najafi pulled out or that it was canceled, an

sarah weinman is the news editor at publishers marketplace.sarah weinman what is the latest on the google book settlement? >> well there was a hearing that to place on july 19, where judge jennie chen heard from various parties with respect to the settlement and from what news accounts reported, he wasn't terribly happy at the current state of things. the bottom line is that both parties want more time and even though judge chen granted an extension, the next hearing will be in september 2. he is really pushing for something to happen and if the two opposing parties, google and the authors guild and the association of american publishers working in tandem, if they can't seem to come to some sort of agreement, then judge chen intimated that he may have to come to some sort of ruling and essentially force the issue. he would also like to see just more things happening. this hearing has been delayed and delayed all summer long. originally there was something that was supposed to happen in april and then it was june and that it was july. now we ar

sarah weinman, publishers marketplace.com is the web site. thank you. >> jason ryan, local author of the book "jackpot," sat down with booktv when we visited charleston, south carolina, to check out the rich culture. up next, an overview of mr. ryan's book. >> operation jackpot was a major federal drug investigation in the early 1980s that caught south carolina's gentlemen marijuana smugglers. these were unique smuggers in that -- smugglers in that they were nonviolent and college educated. traveling first to florida, then came back up the coast to south carolina when law enforcement heat got too heavy in south florida. in south carolina they found a smugglers' paradise. there's mile after mile of marsh with tons of inlets and rivers for them to bring in books packed full of pot. they rarely got caught, and it wasn't until the early 1980s when the federal investigation was launched to try and find these men. the government wasn't sure who was smuggling, they just knew someone was and that someone was making a lot of money, so they started a f

sarah weinman is news editor of publish's' marketplace. thank you. >> is there a nonfiction author or book you'd like to see featured on booktv? send us an e-mail at booktv@cspan.org or tweet twitter.com/booktv. >> more of booktv's live coverage of the 2011 harlem book fair now. up next, a group of authors present their recent biographies and studies of african-american history. .. i am the author of dye free, a heroic family tale. let me tell you a little bit about myself. i have been here for 20 years. can you believe new york one is celebrating 20 years next year? [applause] antonette today's panel discussion is triumph against the grain, and my book strongly identifies with that. believe it or not, two years ago ancestry.com had found an amazing story of triumph against the grain. i learned from a web site, not family law, but from a web site that my great great great grandfather was owned by a slave trader. hence my name cheryl wills and then he bonded with five boys on a slave plantation and escaped in 1863 divide in the civil war fr

sarah weinman, news editor of "publishers marketplace." publishersmarketplace.com is the web site. thank you. >> we asked what are you reading this summer? here's what you had to say. >> we're back live now at the langston hughes auditorium. this is booktv live coverage of the 13th annual harlem book fair. up next, a panel discussion of the late manning marables recent biography of "malcolm x." >> good afternoon. welcome to the 2011 harlem book fair. my name is mr. williams, i'm associate professor at fairfield university and chief his touron at the jackie robinson museum. i want to welcome you to this forum. we are here to discuss manny marable's recent book "malcolm x" and the recent impact on the life and legacy of the african-american icon. manny marable first began the study as a corrective to the autobiography of malcolm x which stood as one the most important works of african-american literature produced. dispute the widespread influence and claim, there has been questions concerning it's authenticity. published nine months after his death, for instance, it portrays a neat p

. >> when using liquidation started, sarah weinman, what does that mean? >> it means today out of business sales are happening in as many as 399 stores. there is a caveat. in court yesterday, they're taking notes and writing about, a late breaking development took place where books a million which is the third largest book chain in the country, they stood in an offer for 40 stores, 22 superstores and eight small restorers, and the details were still being worked out as of today, but the judge approved it provisionally. the creditors had some concerns as well, and to the best of my knowledge they are still working that out, which means that a good 369 stores are beginning liquidation proceedings. by that, it means there were i believe 40% seals, customers that have borders plus rework cards can use them and other discounts up until about august 5th. the cards are dealt with until the liquidation sales are finished. it means that landlords will be able to market those real-estate properties to others once all these stores close at the end of september. they

yesterday in bankruptcy court. >> when you see liquidation started, sarah weinman, what does that mean? >> it means as of today, going out of business sales are happening in as many as 399 stores. there is a caveat. in court yesterday, and i would -- i was there taking notes, a latebreaking development the place where books am in which is the third largest book chain in the country, they put an offer for 30 stores, 22 superstars and eight smaller stores, and the details were still being worked out as of today, but the judge approved it provisionally. if the creditors have some concerns and other hearts of it as well. into the best of my knowledge, they are still working that out, which means that a good 369 stores are beginning to liquidation proceedings. by that comment means that there are believe i believe 40% off sales, customers have borders awards postcards can use them. and other discounts up until about august 5 until the liquidation sales are finished. it means that landlords will be able to market those real estate properties to others once all the stores close at the end of

sarah weinman is the editor of publish marketplace. publishersmarketplace thought, as the website. thank you. >>> what are you reading this summer? booktv wants to know. >> welcome a book by john kenneth galbraith called "the good society." it's a small book but tremendous wisdom for today. i'm reading an encyclopedia of conservatism edited by jeffrey nelson. reading a book called quote code viral spiral," on the digital commons by david come and a recent best-seller which i haven't gotten around to foley reading, "the black swan." visit booktv.org to see this and other reading lists. >>> next on book tv, oscar hijuelos talks about growing upl in new york city in the 1950's as the son of cuban immigrantssh and whose subsequent life as a writer. it's about 45 minutes. to be [applause] >> thank you. we are thrilled to be here todas with oscar hijuelos. those of you who know him a probably know him best from one of his eight novels first for latino writer. he has had many milestones since then, has written the most beautiful fiction and now has written about himself in a nonfiction wa

>> sarah weinman, what's the fiscal health of barnes & noble? >> barnes and noble is an interesting spot right now. they have had record sales, but because they've spent so much money in terms of developing their not match the reader like him in terms of their digital business, they've had to suspend their dividend for the last two quarters. and wall street has not entirely unhappy about this. they've also been in the process of trying to sell themselves as of about a year ago. and in early may, a day for about $17 a share of was put in. that babies being considered. i believe the company is doing due diligence at this point. but it remains to be seen as to whether the deal will close. there are some favorable signs. .. >> publishersmarketplace.com, and i'm sarahw on twitter. >> thank you for the update on borders. >> my pleasure. >> get the booktv schedule e-mailed to you. to sign up, use our web site, booktv.org, and press the alert button. or use your mobile phone be. text the word "book" to 99702. standard messaging and data rates apply. >>