Perseus Books Group President and CEO Speaks on Distributing Former PGW Clients
“We were really gratified with the response publishers gave us,” Steinberger says. “What many publishers said to us was, ‘The most important decision here is who is my long-term distribution partner. Who’s going to best represent my books and authors. That’s more important to me than getting an extra 15 cents on the dollar.’”
Perseus’s offer in total was approximately $20 million, Steinberger says.
As part of the deal, the publishers agreed to extend their existing contracts for four years.
Read the April print issue of Book Business for an in-depth conversation with Perseus President and CEO David Steinberger.