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Bookseller Joseph Beth Files For Chapter 11 Bankruptcy

First Posted: 11/12/10 02:36 PM ET Updated: 05/25/11 07:10 PM ET

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ABC News:

The Joseph-Beth Group has filed for federal bankruptcy protection while the bookseller restructures with fewer stores.

The Cincinnati-based company says it's closing stores in Cleveland and Nashville, on the heels of last week's announcements of closings in Pittsburgh and Charlotte, N.C. Joseph-Beth blames the weak economy and changes in the book industry -- online discounters and e-readers have added to pressure on traditional book stores.

Read the whole story: ABC News

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