Clock Running Down on Sports Publishing
By Dermot McEvoy -- Publishers Weekly, 10/16/2008 8:44:00 AM
Sports Publishing LLC of Champaign, Ill, appears to have run out of options in its bid to stay afloat and is reported to be in the process of filing for bankruptcy. According to a source, proceedings have not yet been finalized by the bank, Strategic Capital of Champaign. Sources said only Peter Bannon, president of the company, and Noah Amstadter, the COO, are still working at the company. Both declined to be interviewed by PW.
Early in September PW was notified by several authors or their agents (including Brooklyn Dodger pitching-great Carl Erskine), that they were not being paid for their books. At that time Bannon said he was looking for a buyer, but apparently that effort was unsuccessful. According to PW’s source, Ingram is still shipping what inventory they have.
