On his Livejournal, Cold Cut’s Matt High reveals the “unofficial news” that the comics distributor closed before Christmas, and will re-open next month in Illinois under new ownership.

The small, 13-year-old company, based in Salinas, Calif., was put up for sale in July. It’s the only remaining direct-market competitor to Diamond.

Heidi MacDonald offers a little context and commentary.

(First link via Tom Spurgeon)

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