ALBUQUERQUE (KRQE) -
Last year it didn't seem like Albuquerque's popular Page 1 Bookstore would survive another year but this week it will celebrate its 31st anniversary.
"I had quit my job with the government and was looking for something to do. It appeared to me that the only thing I could afford was an old run down news stand. It was called News Land and I purchased it," said Steven Morado Stout.
It was 1981 and it cost Stout about $30,000 to buy the news stand he would turn into Page 1 Bookstore. He says even back then he was doing everything to keep up with the times. "Well, actually when I bought it in '81 the Dallas Time Harold was coming out with obituaries in electronic distribution and I thought great, I just bought a news stand and everything is going electronic so I jumped into computer software really quick and books," said Stout.
Stout says he has always tried staying ahead of or setting the trends in an industry that was changing at a fast speed. In 1993, the bookstore doubled in size, moving into a 24,000 square foot building at Montgomery and Juan Tabo.
Stout also started selling music. "Just because I knew that changes were coming with a bigger model. They had always been the 4,000 sq foot mall store and I thought I'm going to beat the change. We were the first multimedia store in America and the chains came and visited and copied," said Stout.
But, in 2007 a turn in technology most bookstores couldn't keep up with; the invention of Kindles and iPads.
"There's really no acceptable business model for a new bookstore. That's why U.S. Bankruptcy Courts have been closing Borders, a great bookstore chain," said Stout.
In 2011, Page 1 filed for Chapter 11 Bankruptcy to reorganize the company and come up with a plan to pay back the store's one million dollar debt. At the beginning of this year vendors the store owed accepted Stout's plan and wanted to keep the store in business. The judge agreed. "So, we had a really favorable local federal judge, local community member that thought Page 1 should stay open," said Stout.
He says used books keep him business. Page 1 sells twice as many used books as new ones.
"I wouldn't even want to live in Albuquerque if Page 1 wasn't here because to me it makes the city a little better, said Stout.
Page 1 one started with 17 workers and it still has 17 workers. This Saturday Page 1 will celebrate 31 years of business. Customers are encouraged to stop by and enjoy hot dogs, music, cake and coupons.
Closing arguments in a right-to-die case wrapped up just before noon in an Albuquerque courtroom.
College students are steaming ahead toward their winter break, but crime on campus could spike as more students will be gone.
An overnight fire consumed a garage at a home on Albuquerque's West Side.
A few tips on how to prevent thieves from taking your stuff over Winter Break, a look at the right to die trial, and other stories with Matt Mauro, Elizabeth Mauro and weather with Meteorologist Kristen Van Dyke.
Some Cleveland High School students say a traffic plan for getting them out of school forces them to take a dangerous and tricky left turn onto a 55 mph road, something parents and staff don't have to do.
They are two coaches building their respective football programs.