Bankruptcy Battle Brews With Monday’s bankruptcy court hearing looming, questions and statements about the options available to PGW clients continue to intensify. Responding to advice from Avalon, Grove/Atlantic and New World Library, Perseus CEO David Steinberger says they are revising the portion of their offer today that requires publishers to stay with the distributor for four years after their contract anniversary date today to “give publishers an ability to exit [the new distribution agreement] earlier by paying back some of the costs that we’ve incurred.” The revised clause will apply to all publishers who have already signed agreements with Perseus. […]
