Salon on the money woes of McSweeney’s
As you’ve probably heard by now, the U.S.-based McSweeney’s is appealling to its readership to help them out of a financial jam, one brought on by the 2006 collapse of its distributor, AMS. They’re offering a discount of 30% off new titles and 50% off backlist in order to bump up orders, as well as auctioning off works by Art Spiegelman, Miranda July, and several others. Now, Salon has posted a piece about McSweeney’s’ difficulties and about the similar difficulties faced by all small presses post-AMS.
The bankrupt company in question, Advanced Marketing Services, was the parent company of Publishers Group West, which distributed books for more than 130 independent book publishers. “For us the timing was particularly bad,” says Eli Horowitz, the publisher of McSweeney’s Books, which has lost about $130,000 in actual earnings as a result of the bankruptcy. “We had a new Nick Hornby book and [Dave Eggers’] ‘What Is the What,’ which was our best seller of all time.”
But it looks as if things are improving, or at least for McSweeney’s anyway:
Horowitz says McSweeney’s has received “thousands of orders in the last few days,” [and says] “In a way this feels like a whole town coming together, and to me, this is all of a piece with what we’re about.”
