Friday, January 05, 2007

Paper book vendor AMS in bankruptcy

From "Publishers Weekly":

Advanced Marketing Services announced…that it has filed for Chapter 11 Bankruptcy in the U.S. Bankruptcy Court for the District of Delaware… In its bankruptcy petition, AMS reported liabilities of over $100 million and assets of more than $100 million. Its top unsecured creditor is Random House, which is owed $43.3 million. Simon & Schuster, Penguin and Hachette Book Group are all owed more than $20 million each, while HarperCollins is owed $18 million.

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