AMS – PGW – Bankruptcy – Perseus – David – Gary – Rich – Charlie – Judges – Courts

This is an open letter to the principals in the bankruptcy issue: David Steinberger of Perseus, Gary Rautenstrauch of AMS, Rich Freese of PGW, and Charlie Winton, who’s Inextricably Linked, judges and lawyers

We all know the facts. We’ve all had a cram course in bankruptcy law and seen the horrors and inequities close-up and personal so I’ll skip reiteration here.

Here’s what you guys should do:

Perseus, you give AMS the full amount of money owed PGW publishers, what is it, 30 million? Isn’t it about the amount you’d have paid if you’d come knocking on PGW’s door?

You thereby acquire PGW, which is, let us not forget, the plum of U.S. distributors. I mean, CDS and Consortium both did a good job in different ways. But PGW excells. PGW got soul. PGW is the Apple Computer of distributors. (And will be even better when unfettered by AMS.) I can tell you just how good they are, after having been distributed by Random House for 30 years, but that’s another story.

Now that Perseus has PGW, you give publishers 100% of what is owed them. Not 50 cents. Not 75 cents. 100 cents. It makes sense. Keep us afloat. We produced and printed and delivered and paid for those books. These amounts are not our profits, they are our receipts. Don’t play corporate hardball with us. You’ll have to foot the interest on the $$ paid, but you’ll get it back. You can afford it. Publishers have to sign on with you for a while.

What does AMS get? They get the same amount of money that bankruptcy courts can cheat all of us publishers out of. The same amount! You can’t get any more by tossing PGW publishers to the wolves. Isn’t this a no-brainer?

And isn’t this an elegant solution for the courts? All us parties are in the same boat. An orderly transfer of funds that puts both publishers and PGW back in business, gets AMS more $$ than they’d get by either selling PGW to someone else or nuking both PGW and its publishers. Minimal legal fees.

****

Written in Cafe Roma 8:30 Thursday morning, 1-11/07, after a sleepless knight and driving into SF across the GG Bridge on a cold clear morning

About Lloyd Kahn

Lloyd Kahn started building his own home in the early '60s and went on to publish books showing homeowners how they could build their own homes with their own hands. He got his start in publishing by working as the shelter editor of the Whole Earth Catalog with Stewart Brand in the late '60s. He has since authored six highly-graphic books on homemade building, all of which are interrelated. The books, "The Shelter Library Of Building Books," include Shelter, Shelter II (1978), Home Work (2004), Builders of the Pacific Coast (2008), Tiny Homes (2012), and Tiny Homes on the Move (2014). Lloyd operates from Northern California studio built of recycled lumber, set in the midst of a vegetable garden, and hooked into the world via five Mac computers. You can check out videos (one with over 450,000 views) on Lloyd by doing a search on YouTube:

3 Responses to AMS – PGW – Bankruptcy – Perseus – David – Gary – Rich – Charlie – Judges – Courts

  1. I think you'll be okay, somehow, but with Avalon going to Perseus and being there alongside Consortium, it's going to be about 75% Grove/Atlantic left at PGW, unlike the current 50% in terms of sales and books being offered by PGW. The whole world of small distribution is changing drastically in a relatively short time, although much of it was foreordained by PGW's purchase by AMS, about four years ago.

    Yours truly,

    a former PGW employee

  2. My name is "Robaire" and I'm a former employee of PGW. The famous receptionist. I quite my job after 5 1/2 years, due to discrimination. I'm not sure if it's because of being gay or being black. I personally feel it was because of both. I'm going to have to have $30,000 worth dental work done ( that I can't afford) because the company would allow me time off to see a dentist.I I was the most qualified person in my department and couldn't get promoted past the front door. PGW nor AMS doesn't give shit about thier customers and even less about thier employees. This is no place for a black man to work. This why I contacted the EEOC, concerning thier business practices. I refuse to be anyones pawn!

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