publishers to bleed to death from Arts Council cuts?

Further to my post a few days ago (http://realthog.livejournal.com/16151.html) about the difficulties the medium-small UK publisher Dedalus will face should its Arts Council grant indeed be abruptly terminated, there's a long and very informative article in the current Publishing News about the difficulties facing a whole bunch of smaller, "literary" publishers whose grants may be cut.

You can find the piece at http://tinyurl.com/23lohw.