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.
Posted by David Booker at 10:49 AM