Bookstore's Loss Is Library's Gain

Interest in financial books rises in faltering economy

Monday, Jan 26, 2009  |  Updated 3:53 PM CST
View Comments (
)
|
Email
|
Print
Bookstore's Loss Is Library's Gain

Getty Images / Justin Sullivan

The Chicago Public Libary collected $1.2 million in fees and fines last year.

advertisement

 It seems that more Chicagoans are heading to the library to get their book and media fix, and many are turning to books to help them navigate the financial crisis.

According to Reuters, Barnes & Noble Inc, cut its full-year sales forecast last Thursday, blaming a troubled U.S. economy and sending the shares of the largest U.S. specialty bookseller down more than 3 percent.

However, circulation of library materials during the first nine months of this year is up 28 percent over the same period a year ago as Chicagoans look to cut expenses, the Chicago Sun-Times reported. Still, the library is laying off five employees, cutting 166 vacant, full-time jobs and 177 part-time positions.

Borders Group Inc, the second largest U.S. bookseller, and Amazon, the world's largest Web retailer, both said they had seen a recent trend toward finance books, from biographies of key players to books about past financial crises, CNBC reported.

Moving into another arena, WBBM radio reported Tuesday that the Chicago Public Library system has begun making movie and video downloads available to patrons.  .

But library cardholders beware: library fines are increasing. Left unpaid, it can sometimes get you into big trouble.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out
 
http://www.nbcchicago.com/news/business/Bookstores_Loss_Is_Librarys_Gain.html
www.nbcchicago.com
crawl=CC-MAIN-2013-48
125800
application/http; msgtype=response
sha1:FJ55L4UREBEPIPLJJCSFZ24SY6JDDNRT
<urn:uuid:b502188a-dd04-4bcb-a533-fd4a0867c642>
2013-12-11T09:49:37Z
23.3.13.208
sha1:2S45HOHHKERT2XJ4AB6BUBHAHUAPJOLA
<urn:uuid:8ef51319-ccd5-4bc5-be0a-571a21aa2c00>
http://www.nbcchicago.com/news/business/Bookstores_Loss_Is_Librarys_Gain.html
response
<urn:uuid:f8d22c13-de0a-434f-9f31-22ac8f691a22>
robots: classic
hostname: ip-10-33-133-15.ec2.internal
software: Nutch 1.6 (CC)/CC WarcExport 1.0
isPartOf: CC-MAIN-2013-48
operator: CommonCrawl Admin
description: Wide crawl of the web with URLs provided by Blekko for Winter 2013
publisher: CommonCrawl
format: WARC File Format 1.0
conformsTo: http://bibnum.bnf.fr/WARC/WARC_ISO_28500_version1_latestdraft.pdf