PMA Creates Plan to Aid PGW Pubs

-- Publishers Weekly, 1/16/2007

PMA, the Independent Book Publishers Association, has put together a plan it hopes will help out with some of the "extremely challenging issues" facing its members who are distributed by PGW. According to PMA director Terry Nathan, the association plans to act in three areas: establish a network of printersthat will do short runs of books, to get inventory back in the control of the affected publishers; contact financial institutions to provide short-term business interruption loans; and look for other distributors to step in and help with interim distribution and/or cash flow.

"We firmly believe that the legal quagmire created by this unexpected bankruptcy should not destroy these excellent independent publishing houses," said Nathan. "We hope to be able to provide several lifelines that can keep these voices afloat over the next few months."

This article originally appeared in the January 16, 2007 issue of PW Daily. For more information about PW Daily, including a sample and subscription information, click here »

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