Bad news from McSweeney’s: their distributor filed for bankruptcy late last year and now they’re out $130,000:
As you may know, it’s been tough going for many independent publishers, McSweeney’s included, since our distributor filed for bankruptcy last December 29. We lost about $130,000 — actual earnings that were simply erased. Due to the intricacies of the settlement, the real hurt didn’t hit right away, but it’s hitting now. Like most small publishers, our business is basically a break-even proposition in the best of times, so there’s really no way to absorb a loss that big.
To try and make up the gap, they’re having a big sale and are also auctioning off some “rare items” like original art from Chris Ware, proofs from issues, signed copies of things, a painting by Dave Eggers of George W. Bush as a double amputee, and so on. In addition to Ware and Eggers, there’s stuff from David Byrne, Nick Hornsby, and Spike Jonze. I’ve long admired McSweeney’s for their editorial and business approach…it would be a shame to see them go out of business because of another company’s financial difficulties. So give them a hand by purchasing something, if you’d like.