AMS banckruptcy update, buyout imminent

Wow, so as I read in the RE/Search email newsletter, it looks like the offer to buy out book distributor PGW is official — subject to the bankruptcy court’s approval, of course. But that means all of us will only be getting 70% of the money owed to us.

Someone remind me the relevancy of writing books the old-fashioned way so I can crawl to the finish on my book deadline this week. Please.

Link: Perseus Makes Formal PGW Offer; Levy Next? (thanks, Thomas; background on the AMS bankruptcy here)

Update: Galleycat has good coverage of the Wall Street Journal’s piece on the AMS bankruptcy (which is retardedly behind a reg wall — boo on you, WSJ).

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