T-K Graphics
A mail-order sf publishing company and bookseller located in Baltimore, MD, and operated by Ted Pauls and Karen Townley. It was founded in 1972â3; by 1977, it was being accused of not paying royalties by many of its writers and of slow delivery or non-delivery of orders by many customers.
Along with pro publications, TâK pubbed fan-created chapbooks and fanzines.
Sometime in 1977 or 1978, Pauls sent a letter to his creditors saying that by 1976, it had 17,000 customers, five employees and was doing $200,000 annual business. At that point, between over-use of credit and poor management decisions, it was $60,000 in debt and unable to keep up with its bills, which meant that it was filling orders slowly, also. To avoid bankruptcy, he cut back drastically to about 10% of peak, taking no salary and slowly paying back creditors. He expected to pay everyone back eventually.
T-K Graphics eventually did go bankrupt. By the end of 1979, the State of Maryland was supervising claims against the company.
| Publisher | 1973â |
| This is a publisher page, referring to science fiction book and prozine publishers. |
