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Indie publisher looks more like a colossus; Perseus expands in distribution with winning bid; small houses concerned.(top bidder for Publishers Group West)
Crain's New York Business, February, 2007 by Flamm, Matthew
Byline: Matthew Flamm Perseus books group will become the Random House of indies if its bid to take over bankrupt book distributor Publishers Group West gets the go-ahead, as expected. Perseus took the lead last week in what had become a knock-down, drag-out fight over PGW. The Berkeley, Calif., distributor is the lifeline to bookstores and other outlets for more than 130 independent publishers nationwide, including Grove/Atlantic and Soft Skull Press in New York.
A U.S. Bankruptcy Court judge is expected to approve the sale, which the creditors' committee O.K.'d on Thursday night. Perseus would add PGW to a constellation of divisions that includes imprints PublicAffairs and Basic Books and two other distributors. "We would be the largest organization...
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