So says PW Daily, reporting that it appears increasingly likely that Publishers Group West will be sold off in a deal that could close relatively quickly. Sources said that “well funded” companies have been in discussions about acquiring the company in a transaction separate from any AMS deal.
But before anyone starts rejoicing, my antennae reads this as more of a plea for such “well-funded companies” – because unfortunately, the pickings are slim, unless some left-field candidate like Google or an unknown private equity company swoops in – to start negotiations in earnest. But when we know, you’ll know…
- 4 Publishing Houses Sign with Consortium For Distribution
- Judith Regan's New Multimedia Company to Release Book on Virtual Reality
- Pearson Picks First Book to Oversee the 'We Need Books' Digital Platform
- Executives to Transform McSweeney's Into a Non-Profit Organization