Facing sharply declining revenue, publisher of value-priced children’s mass market titles Playmore filed for bankruptcy in New Jersey recently. The company, which had sales of $22.8 million in 2006, registered just $3.2 million in sales this year. The NJ Record notes that “the bankruptcy comes 15 months after Playmore sued its partner, Waldman Publishing Corp. of New York, seeking $55 million in damages and compensation. The suit, which has been settled pending certain conditions, claimed that the companies jointly owned the copyright to the books they produced, and accused Waldman of trying to put Playmore out of business. “News story
