(More) Bad News From Tokyopop

Considering last month's layoffs, it was only a matter of time before the cut-backs at America's #1 manga publisher started trickling down to the books themselves. This blog post from Steady Beat author Rivkah dishes the newest dirt:
Just got off the phone with my editor, and it looks like not-so-good news for Steady Beat. In fact, it looks like not-so-good news for anybody who's working with TP right now. I'm not sure how much I should say for fear of causing an outright panic with other creators, but essentially, nearly all of Tokyopop's future books will be going straight to web. This wasn't a case-by-case scenario. Neither I nor any other single creators were singled out. It looks like the whole line of non-licensed material will cease printing and be promoted online only.
Thanks to The Beat for the heads-up.