Holy Bovine
First Post
It was a big part of it. The biggest contributor was probably the debt racked up by the Blumes way back in the day as by all later accounts, spending was off the charts crazy.
There are also several former TSR and WotC employees who pointed to the fact that TSR had been overprinting and underselling for quite a while. From Ryan Dancey:
A link to the whole article is here. The thing that seems to be consistently mentioned, however, is Random House calling in their markers for unsold books (most of which were D&D books). I'm certain that things like Buck Rogers and Dragon dice played roles, as well, but they were apparently very small roles.
Thanks for digging all that up jdrakeh. I remembered reading it back when it was written but couldn't find links to it now.