It is with great sadness that I see the demise of another small publisher is about to happen. The eminent Night Shade Books, which was agent subs only, is scrambling for someone to take on their business and their authors rather than file for chapter 11, which would be disastrous for the authors concerned, some of whom are friends.
From what I have read, this is a case of growing too quickly and not being able to keep up with the paperwork. Nothing sinister and such a shame for a publisher that has won so many accolades for books.
Yes, my stuff is with a small publisher, but I am not concerned on a personal level. I see sensible cut offs happening with new subs to allow the business to grow at a sustained rate. I am just so sorry for friends caught up in the mess of Night Shade books and also so sorry for the publishers.