The saga is fit for a comic book: meager beginnings, a rapid ascendance and toppling rivals to achieve sweeping power.
Diamond Comic Distributors’ latest chapter, however, reads as a downfall.
After decades as the country’s top comic book distributor, Diamond filed for Chapter 11 bankruptcy last week, intending to sell off some of the healthier aspects of its business and reorganize. It doesn’t necessarily mean the demise of Diamond, which received $41 million in financing from JPMorgan Chase to continue operating, but it does spell the end of an era for an industry giant.
Diamond’s origin traces not to Krypton or a spider bite, but to a TV repair shop basement. That’s where Steve Geppi, a Baltimore mailman in his 20s, opened a…
