Alliance Entertainment buying Diamond

The Baltimore Banner reports Diamond Distribution has found another company to buy out their assets before they go bankrupt:

Alliance Entertainment Holding Corporation, a global distributor and wholesaler that specializes in media and collectibles, won a bid Tuesday to acquire the assets of Hunt Valley-based Diamond Comic Distributors.

[...] The acquisition will include Diamond, Alliance Game Distributors, Diamond Select Toys and Collectible Grading Authority, which collectively represent a 42-year-old enterprise, according to a press release. The dollar amount of the winning bid was not disclosed.

I do hope they make use of these assets in an honest way, unlike the previous management, which seemed quite fine with monopolizing the whole distribution business. But, most importantly, I'd be even happier if publishers they work with would abandon the pamphlet format and turn to paperback/hardcover, and stop acting like the pamphlet format has to be retained no matter the cost. The old days of the pamphlet should've ended long ago, and if they had, it could've made for better writing and art all around.