Publishers Trying to Force Anderson News Into Bankruptcy
Publishers such as Hachette Book Group, HarperCollins Publishers, Random House Inc and Simon & Schuster Inc have filed suit in US Bankruptcy court arguing that Anderson News should be forced into bankruptcy. The publishers collectively are owed $37.5 million according to the court papers.
This may be an issue, in part, regarding inventory. Anderson News has warehouses full of inventory that hasn't been delivered to the retailers and isn't being returned, yet, to the publishers.