Food or Comics | A roundup of money-related news
• Blogger Sean Kleefeld posts another installment of his periodic “Wowio Deathwatch,” which sparks a discussion with Platinum Studios President Brian Altounian — Platinum purchased the ebook-distribution site in June — about money still owed to publishers, the Wowio business model, and “armchair quarterbacking.”
• Tom Spurgeon runs an email from an anonymous publishing executive responding to some of the complaints about Diamond Comic Distributors in the wake of the new threshold: “Diamond is a business affected by a down economy just like anyone. Are they obligated to keep laying off employees, so that they can continue to list shitty comics?”
• Despite a recession that’s affecting all aspects of the publishing industry, Amazon.com saw sales rise 18 percent in the fourth quarter of 2008, compared to the same period in 2007. Net sales were up $6.7 billion.
• Citing rising production costs and declining subscriber and advertising bases, F&W Media has pulled the plug on the gaming magazine Scrye. The April issue will be the last.