September 19, 2008. After today's Publishers Weekly report about layoffs and a "cash crunch" at San Francisco publisher Macadam/Cage, we gave editor-in-chief Pat Walsh a call to check on the company's fiscal health. He assured us that recent layoffs are proactive and that royalty payments would go out on schedule at the end of October. Mr. Walsh invited any authors with concerns to contact Macadam/Cage directly.
This is a good sign. In our experience, it's when publishers are reluctant to answer calls that real trouble is brewing.
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