Economic blight: Touch & Go goes down

More bottom-line misery for the alternative music world: Touch And Go Records is ceasing to release any new material.

Touch & Go has had a thirty-year run, releasing work by a mighty army of acts - !!!, TV On The Radio, Big Black, Sally Timms and the Yeah Yeah Yeahs.

Time Out Chicago is reporting that a formal press release confirming the collapse will be released later today.