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<title>North Atlantic Books - GalleyCat</title>
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<description>The First Word On the Book Publishing Industry</description>
<copyright>Copyright 2013</copyright>
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<title>Independent Publishers Get Hurt by AMS Chapter 11 Filing</title>
<description><![CDATA[<p>Declaring bankruptcy isn&#8217;t exactly the best way to begin the new year, but that&#8217;s exactly what has happened as <a href="http://www.mediabistro.com/galleycat/publishing/ams_files_for_voluntary_bankruptcy_50189.asp"><strong>Advanced Marketing Services</strong> filed Chapter 11 papers</a> on December 29. <a href="http://publishersweekly.com/assets/pdf/AMS_bankruptcy_petition.pdf">The full text filing is available</a> via <a href="http://www.publishersweekly.com/article/CA6403416.html?display=breaking"><em>PW Daily</em></a>, and looking through the list of its top creditors &#8211; scrolling past the instantly eye-popping numbers of $43 million owed to <strong>Random House</strong> and $26 million to <strong>Simon &amp; Schuster</strong>, the real story begins: the plight of the independent publishers.</p>
<p>That&#8217;s because many of them &#8211; <a href="http://www.pgw.com/home/publist.aspx">over 150, in fact</a> &#8211; use <a href="http://www.pgw.com/home/images/PGWbrightblue.png"><strong>Publishers Group West</strong></a> as their distributor. PGW, over 30 years old now, had been an independent distribution entity until <a href="http://www.pgw.com/home/images/PGWbrightblue.png">AMS bought them in 2002</a>. And even though PGW had been considered an autonomous unit within AMS, that only goes so far, especially when money owing is concerned. Because even though the volumes at play do not compare to what&#8217;s owed to the top corporate publishing companies, it&#8217;s all about the percentage of revenues &#8211; so companies like <strong>Avalon</strong> ($2.3 million), <strong>Cooks Illustrated</strong> ($1.5 million), <strong>Good Books</strong> ($970,000), <strong>McSweeney&#8217;s</strong>, <strong>North Atlantic Books</strong>, <strong>Milkweed</strong> and <strong>Soft Skull</strong>, to name a select few of PGW&#8217;s clients, are about to take a severe hit, what with expected revenues for the last three months &#8211; key months for all publishers, small or otherwise &#8211; suddenly disappearing.</p>
<p> <a href="http://www.mediabistro.com/galleycat/independent-publishers-get-hurt-by-ams-chapter-11-filing_b3580#more-3580" class="more-link">continued&#8230;</a></p>
<p>New Career Opportunities Daily: The <a href="http://www.mediabistro.com/joblistings/?c=rss">best jobs in media</a>. </p>]]></description>
<dc:creator>Sarah</dc:creator>
<comments>http://www.mediabistro.com/galleycat/independent-publishers-get-hurt-by-ams-chapter-11-filing_b3580#disqus_thread</comments>
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		<category><![CDATA[Publishing]]></category>
		<category><![CDATA[Advanced Marketing Services]]></category>
		<category><![CDATA[Avalon]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[Consortium]]></category>
		<category><![CDATA[Cooks Illustrated]]></category>
		<category><![CDATA[Good Books]]></category>
		<category><![CDATA[IPG]]></category>
		<category><![CDATA[McSweeney's]]></category>
		<category><![CDATA[Michael Cader]]></category>
		<category><![CDATA[Milkweed]]></category>
		<category><![CDATA[NBN]]></category>
		<category><![CDATA[North Atlantic Books]]></category>
		<category><![CDATA[Perseus]]></category>
		<category><![CDATA[Publishers Group West]]></category>
		<category><![CDATA[Random House]]></category>
		<category><![CDATA[SCB]]></category>
		<category><![CDATA[Simon & Schuster]]></category>
		<category><![CDATA[Soft Skull]]></category>
		<category><![CDATA[Stoddart/General Distribution Services]]></category>
<pubDate>Thu, 04 Jan 2007 09:45:36 +0000</pubDate>
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