Publishers Weekly reports that Tennessee-based Blu Sky Media Group is going out of business. Blu Sky is a book distributor specializing in small presses and self-publishers.
Blu Sky’s CEO, Greg Snider, said the economy was to blame. “In this harsh banking environment, we were unable to secure a term extension with our current bank, or [find] a new bank that would refinance our line of credit.” He also said the recession had forced some of the company’s clients out of business while they still owed Blu Sky money.
According to PW, Snider has “worked out an agreement with his bank giving his clients up to 120 days to move their inventory to a new distributor, and Snider has reached agreements with two distributors to take over distribution for Blu Sky’s 72 clients.”
Some of Blu Sky’s clients include genre publishers Black Hawk Press and Missile Rider Publishing. The full list of their clients is on this page.