Andy has a post up on his blog about the decision to scale back operations at Judy’s Book.

Today was a tough day. For the second time in my life I had to tell a great team of people that the idea they’d worked so hard on was going away. After 3+ years, our management team and board of directors has decided to scale back our operations at Judy’s Book and seek a strategic acquiror.

As a CEO, I know this is the right thing to do for our investors. But as an entrepreneur it’s disappointing to stop chasing an idea just when it’s beginning to take root in the popular consciousness.

It’s been a crazy day but Andy’s done an amazing job helping the company deal with a difficult situation.