MangaBlog is reprinting news from Anime News Network (currently sidelined by server issues) that Central Park Media, an anime and manga publisher, is about to declare bankruptcy. Also, a significant number of staff have been laid off.
It figures. They had finally announced a manga title I was looking forward to.
Update: ICV2 has the offical statement:
As our business has been significantly impacted by Musicland’s bankruptcy filing, we are facing tightening sales conditions and are currently focusing on a cost cutting program which will structure the company for future growth without our largest customer. A number of very talented and dedicated employees have unfortunately lost their jobs through no fault of their own. CPM will be happy to assist these fine staff members find employment opportunities, so any company seeking experienced and professional employees are requested to email CPM at HR519@teamcpm.com for further details.
ICV2 goes on to add that “A variety of rumors about CPM have been floating around the Internet over the last few days; O’Donnell said that this statement is the extent of what’s accurate.”