Total Sports Publishing to Be Sold at Auction
Posted on January 18, 2002
Total Sports Publishing will be selling all of its assets at auction. According to the company, these assets include reference works such as Total Baseball, Total Hockey, and Total Football, executory contracts for New York Times bestselling books, certain digital rights, and a substantial number of contracts for unpublished works. The company, which filed a petition for reorganization in the United States Bankruptcy Court for the Southern District of New York on December 21, 2001, will be conducting the sale on February 7, 2002.
Publisher and CEO John Thorn says, "We would prefer to sell all the Company's assets to a single entity, with a hope that such an entity would continue the tradition of the Total Sports Publishing program that began two decades ago. However, we cannot deny to our creditors the opportunity to extract a perhaps better outcome by selling off the Company's assets piecemeal."
