If you were a Publishers Group West publisher about to enter into an agreement with Perseus for 70 percent on the dollar to take over your holdings, there's a new offer on the table. The independent distributor National Book Network (NBN) sent a memo yesterday to PGW publishers explaining their terms, which include payment of 85 cents on the dollar for claims against the bankrupt estate, a contract extension of three years, and a continuation of the existing PGW contract with the following modifications:

- no free freight so you will not be asked to help pay for it.
- a credit for returns the same month in which returns are processed by NBN.
- no contribution to the cost of co-op.
- clients pay a small fee for pages in the NBN seasonal sales catalogs.