Shut Down By Parent Company

“We ate the food, we drank the wineEverybody having a good timeExcept youYou were talking about the end of the world.”

Talk about a hangover. Last night celebrated its XXL Big Wave contest, which awarded a 60,000-dollar check to Mike Parsons for his Cortes Bank beast. Today, staffers at Swell’s sister sites, and where handed their walking papers.

“Former Crossrocket editor speaking,” was the way Rob Campbell answered his phone this afternoon. According to Campbell, and have been effectively “mothballed” — all the staff of Crossrocket has been let go and the Monsterskate staff has been trimmed to a single person. Even Swell will be undergoing some cost-cutting measures and a further tightening the belt, says Campbell.

However, Campbell says he still believes the model can work — given the play the web site has received in the mainstream press from the Cortes Bank expedition and the various revenue streams the company enjoys. He also confirms the rumors that swirled through the industry last week: that a Swell/Primedia merger was in the works but that negotiations hit a “ninth-inning” snag.

Campbell seems to be taking the announcement in stride — despite the fact that today is his birthday. “For the past week, I’ve had a sign on my door that read, ‘You’ll take my web site from my cold dead fingers.’ Today, I changed it to read: “Don’t think of it as a layoff, think of it as more time to surf.”

Speaking of surfing, did anybody else notice that the huge 60,000-dollar check Mike Parson held up at the party last night wasn’t signed? Let’s hope that was merely an oversight.