Feb 16 2007
The bankruptcy court has approved Perseus Book Group's offer to take over the distribution contracts of all Publishers Group West (PGW) publishing clients that have signed distribution agreements with the company. The decision, handed down late Friday afternoon, ends a close fought contest between Perseus and National Book Network (NBN) to assume distribution for the PGW publishers. PGW is the largest book sales and distribution company in the USA. More than 100 publishers, who collectively constitute about 85% of the total amount of monies owed to PGW clients in the AMS bankruptcy, have already signed agreements with Perseus.
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