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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Steinberger says the company is now in a five-month transition services agreement that runs until July 31.
“During that period, we are going to continue to operate PGW,” he says. “… We’re going to think through how best to organize the combined company.”
Perseus made the offer to all PGW clients. In the end, 124 publishers came onboard, a group representing 85 percent of PGW client revenue.
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Peter Beisser
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