New York's Oscar Wilde Bookshop gets last-minute reprieve

New York City's legendary Oscar Wilde Bookshop, which had been scheduled to close at the end of January, got a last-minute reprieve Thursday when the Washington, D.C.-based Lambda Rising Bookstores agreed to take over the legendary store's name, location, and operations. "Oscar Wilde was the world's first gay and lesbian bookstore and, as such, holds a special place in our community's history and in our hearts," said Deacon Maccubbin, owner of Lambda Rising, which operates gay bookstores in Washington, D.C.; Baltimore; Rehoboth Beach, Del.; and Norfolk, Va. Maccubbin says he expects to pare the store's losses to a manageable level but is uncertain whether the Oscar Wilde Bookshop will ever operate in the black.