STATUS: TGIF! And I’m heading out the door.
What’s playing on the iPod right now? BY THE TIME I GET TO PHOENIX by Glen Campbell
There certainly has been some talk in the blogosphere regarding Anderson News and the sudden suspension of business but if you are a genre writer in mass market, you might want to pay attention.
Not to be confused with Anderson Merchandising which supplies to Wal-Mart and Costco, Anderson News was a big distributor of mass market books mainly into the grocery chains. Recent mm releases that were being handled into those venues by AN are getting hit by it. Rumor has it that the books were trapped in locked-down warehouses.
So below are a few links for some of the most recent stories regarding Anderson News.
It’s hard to glean from the stories that are hitting the wires what the everyday impact is but think of it this way. If books weren’t getting into venues as publishers supposed they were, that’s lost sales. Chances are good that’s impacting current cash flow because books weren’t out there to be sold.
And now all AN assets are going to be tied up into what looks like a major lawsuit and countersuit.
The good news is that impacted publishers have switched distributors in a hurry so as to get back to business but what about all the inventory trapped in warehouses? Good question.
Anderson Sues Magazine Publishers & Wholesalers
by Judith Rosen — Publishers Weekly, 3/11/2009 8:28:00 AM