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Thursday, August 11, 2011
Potomac Books Struggles to Pay Writers
Publisher’s Weekly:
...has been slow in paying a number of its authors and, in some cases, has not paid royalties dating as far back as 2009… A number of Potomac authors PW spoke to complained that, after the press had been delivering late payments, it has now stopped paying altogether. Some Potomac authors said the press has made promises that it will send out payments, but were told that the company is dealing with a significant backlog. One author indicated he was owed royalties on mutliple titles, in addition to an advance. Potomac authors interviewed estimated they were owed anywhere from $3,000 to $5,000 each.
Sam Dorrance, who wears multiple hats at Potomac—he is publisher, director of sales and head of subsidiary rights—readily acknowledged the press has fallen behind on royalty payments. “Cash flow has been an issue,” Dorrance said, “but we are looking to clear things up as soon as we can.” ...
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