CPM in trouble?

Posted on May 26, 2006 by Brigid Alverson

Anime News Network is loading slow right now because of a hardware problem, but I pulled this off their RSS feed:

Central Park Media laid off the majority of its staff today, maintaining only a small number to deal with “loose ends.” We have been informed that “issues with creditors” arose last week, and the company is expected to file for bankruptcy next week. No further details about the creditor issues or bankruptcy filing are available.

Nothing about this at the CPM site, but I did note this press release saying they have just signed on with a new distributor as of June 1, and adding

Central Park Media plans an extensive slate of new book releases and maintains an active backlist of top-selling graphic novels.

Well, not any more.

About Brigid Alverson

Brigid Alverson has been reading comics since she was 4. After earning an MFA in printmaking, she headed to New York to become a famous artist but ended up working with words instead of pictures, first as a book editor and later as a newspaper reporter. She started MangaBlog to keep track of her daughters’ reading habits and now covers manga, comics and graphic novels as a freelancer for School Library Journal, Publishers Weekly Comics Week, Comic Book Resources, the Barnes & Noble Sci-Fi & Fantasy Blog, and Robot 6. She also edits the Good Comics for Kids blog at School Library Journal. Now settled in the outskirts of Boston, Brigid is married to a physicist and has two daughters.
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4 Responses to CPM in trouble?

  1. Adam Arnold says:
    May 27, 2006 at 8:04 am

    Peter Tatara (CPM’s media rep) posted this message on AnimeonDVD’s message board:
    “Ahoy. CPM should be making an official statement Tuesday regarding the rumors. While I know a lot about what’s going on, I’d prefer for the company to make an announcement before I do. (In other words, I’m no longer with the company.)

    As for things like Wrath of the Ninja, Negadon, and VOTOMS, again, I’d prefer for CPM to issue a statement.

    Once everything’s public, we’ll see what if anything I can add. Personally, I can tell you I was let go Friday morning and spent Friday afternoon sending out some e-mails and resumes. Friday night, my girlfriend and I went to Iron Chef Morimoto’s restaurant. We’re (my girlfriend and I — not Morimoto and I) now spending Memorial Day Weekend together.

    Come Tuesday, I’m going to start officially looking for work. “

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