A New Home For Independent Publishers
Perseus’ David Steinberger on its acquisition of PGW’s roster of publishers and what lies ahead. Perseus Books establishes contracts with bankrupt PGW’s consenting publishers.
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PGW’s parent company, the San Diego-based AMS, declared bankruptcy on Dec. 29, 2006, leaving its publishers without fourth-quarter payments or a means of distributing titles. Steinberger says the company started working on a deal almost immediately after AMS’s bankruptcy announcement came.
“We started having conversations the day it happened, internally,” he says. “We began to talk … about whether there was some way we could work together to come up with a solution here. ...”
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Peter Beisser
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