Via Ilana DeBare of the San Francisco Chronicle:

Bay Area small publishers threatened by the bankruptcy of their distributor found a second possible savior Tuesday.

National Book Network -- a Maryland distributor -- offered to take over the distribution contracts of Publishers Group West, the Berkeley firm whose parent company declared bankruptcy in December.

National Book Network said it would pay the group's clients 85 cents for every dollar in revenue owed to them by the bankrupt company. That is more than the 70 cents on the dollar offered to the small presses this month by Perseus Books Group, a New York publisher and distributor.

National Book Network's offer also would require the publishers to sign three-year contract extensions, less than the four years required by Perseus.

Click here for the rest of the story.

Comments (0)

Subscribe to this comment's feed

Recommend this article...