Comics Buyer's Guide: A Look Back

Launched as The Buyer's Guide for Comic Fandom, how a publication started
by a teenager ran for nearly 1,700 issues

by John Jackson Miller

TBG #1In 1971, the landscape for the comics industry was a mixed picture. The Silver Age of Comics was winding down, and a perilous time for the publishing business lay ahead; the 1970s would see collapsing newsstand distribution and unprecedented inflation in comics cover prices.

Yet at the same time, the comics of the 1960s had generated enormous enthusiasm and unprecedented levels of fan involvement with comics, with many fanzines and conventions sprouting up. One such fanzine—The Buyer's Guide for Comic Fandom, or TBG—would go from humble beginnings to serve the industry well into the comics store age.

I worked for the later iteration of the publication, Comics Buyer's Guide, from 1993 to 2007, but was a reader long before that; what follows are some of the highlights from the publication's 42-year run.

The Alan Light years (1971-1983)

TBG #100Comics Buyer’s Guide began life when Alan Light, then 17, launched his own trade newspaper, The Buyer’s Guide for Comic Fandom, in February 1971. Fandom was in full swing, then, with Robert Overstreet’s first Comic Book Price Guide just published. Fanzines were providing most of the mail order connections for comics collectors, and Light’s addition was crafted as an ad-zine, charging $30 for its full-page ads. The circulation for the broadsheet newspaper was 3,600 copies, and subscriptions were available for free to requesting readers. (Ads in that first issue included two different copies of Amazing Spider-Man #1 — for $11 and $4 respectively!)

The “TBG” — as people referred to it, despite the article already being in the acronym — shifted from bimonthly to monthly with its second issue. Editorial content was scarce in the early issues (although later regular Mark Evanier did have a column in the fourth issue). With artists including Klaus Janson and P. Craig Russell providing some of the earliest covers, circulation topped 4,000 in early 1972. With issue #18 (Aug. 1, 1972) it went biweekly. That issue included the publication’s first convention photo feature, on the 1972 New York ComiConvention. (I indexed the first hundred or so issues years ago for the CBG website; while it lasts, you can find it archived hereRuss Maheras, artist on many of the early covers, provided all the scans and cover index.)

TBG #105As TBG became a bigger and bigger production, Murray Bishoff joined Light as an assistant — and the magazine brought in the couple who would become synonymous with it in later years: Don and Maggie Thompson. Sometimes (and in my view, rightly) regarded as the “George and Martha Washington of comics fandom,” Don and Maggie had produced one of the first comics fanzines in 1961 and had continued in their own publication Newfangles (seen here). The Thompsons had first appeared in TBG #14 to continue the fan awards they’d started in Newfangles— and Light brought them in  as columnists in #19 (Aug. 15, 1972). Their “Beautiful Balloons” column would run in alternating issues for years after that.

TBG #106There’s a reason why alternating issues were usually often the only place you could find editorial content in the early TBGs. It was only there at all because with the Dec. 1, 1972 issue (#26) TBG stopped being free and became a paid subscription publication — $2 for 23 issues. By changing from a requestor publication to a paid one, the Postal Service required that advertising could fill no more than 75% of the magazine’s pages. Since the auditing period back then was two issues, Light chose to run all ads in one issue, and with the next being half editorial. So #26 included regular news sections, including “Now What,” by Bishoff.

And there was a lot of content. Golden Age creators like Bill Everett were eulogized. Marvel’s expansion in the early 1970s was covered. Articles on attempts to censor comics appeared as early as 1973, with a piece on Direct Market pioneer Phil Seuling’s arrest for selling undergrounds. Coverage expanded when the publication went weekly with #87 (July 18, 1975), adding media topics. A movie called The Star Wars (sic) was announced as a Christmas 1976 release in TBG #97 (Sept. 26, 1975). San Diego Comic-Con cofounder Shel Dorf would later provide one of the only fandom interviews with Harrison Ford for TBG.

TBG #201Big news stories appeared throughout the 1970s. Superman creator Jerry Siegel spoke out in fandom for the first time in a piece that ran in TBG #105 (Nov. 21, 1975), “The Victimization of Superman’s Creators.” (The issue, seen above right, had an original Jack Kirby cover.) The magazine aggressively covered the drive to get pensions for him and Joe Shuster, and was able to announce their settlement in #113, two months later.

The advertising base continued to grow — now including Steve Geppi, today of Diamond Comic Distributors, whose testimonial ad for TBG ran in #71 (Mar. 1, 1975). As a result, the newspaper continued to expand — some issues had as many as four folded over sections — with the Thompsons’ column expanding to take up nine full pages of the newspaper by 1976. (The largest issue of TBG was #190, the July 8, 1977 issue, which ran 148 pages, including a 52-page catalog from Mile High Comics.) And pure entertainment features were added, with Fred Hembeck launching his Dateline cartoon.

TBG #237The industry was changing quickly, with editorial upheaval at Marvel, runaway cover price inflation, and troubles in the newsstand market filling many columns. News of layoffs at Charlton reached readers in 1976. TBG #257 (Oct. 20, 1978) reported the publication of Cancelled Comics Cavalcade, a consequence of the DC Implosion. But with its circulation topping 10,000 copies in 1977, TBGwas also reporting on the nascent comics shop market, its ads connecting start-up distributors to start-up retailers. Seuling’s first ad introducing Sea Gate Distributors appeared on the back of TBG #207, the Nov. 4, 1977 issue.

And the newspaper had long provided a venue for smaller publishers to reach readers. Underground publishers Rip Off Press and Last Gasp began advertising in 1973, and many more alternative publishers followed. Jack Katz’s First Kingdom was featured in 1977, one of many indie spotlights to follow. (People advertised to sell and find all sorts of things — including subscriber Walter Koenig of Star Trek, who was looking to expand his button collection.)

TBG #481The 1970s Buyer's Guide also covered many collectors’ issues, including the price spikes on early “hot comics” like Conan the Barbarian #1Howard the Duck #1, and Red Sonja #1. It also warned of the publication of the first counterfeit comic book, a version of Eerie #1, in 1976. (CBG would also later warn of the Cerebus #1 counterfeit among man  others.)

As the 1980s began, TBG had really grown into its role as more than an ad sheet. Cat Yronwode had taken over Bishoff’s news column with TBG #329 (March 7, 1980), renaming it “Fit to Print,” and a lot of players in what would be the modern Direct Market were in place.

But after publishing 481 issues comprising 33,000 pages, Alan Light, then just 29, decided he'd had enough. He sold the publication to Krause Publications, a few hundred miles to the north in Iola, Wis.

The Don and Maggie years (1983-1994)

CBG #483Krause was owned by Chester “Chet” Krause, who, like Light, had started his own magazine from his kitchen table — Numismatic News for coin collectors — in 1952. The company had acquired or started several publications in other collectibles fields, and determined to follow that model in comics. That meant turning TBG into Comics Buyer’s Guide — putting the comics word up front — and it meant hiring Don and Maggie Thompson as its coeditors.

The first Krause issue, #482 (Feb. 11, 1983) was a shock for some. The folded-over newsprint publication had much higher production values — and as with all Krause publications, handwritten ads were typeset by the production staff. (This earned the derision of one reader, who said he could no longer tell which sellers were idiots by the quality of their ads.) The every-other-week editorial thing went away, with each issue now 25% editorial. A paid classified ad section was added, often running many pages. Yronwode, Hembeck, and other features were brought into the new CBG. The word "comics" was added very gradually to the logo, growing in weight and size every week.

CBG #547Included in that first issue was a new feature: “Comics in Your Future,” a highly detailed week-by-week listing of what was shipping. It would run for more than 20 years, before switching to the magazine’s website.

The Thompsons added “Oh, So?” a letters-column feature that was populated by fans and creators alike. Erik Larsen was one of the writers in that first column; and over the course of the next decade-plus, John Byrne sent dozens of letters that were published. Don also began the "Comics Guide" review column, continuing the review work he'd done in "Beautiful Balloons" in TBG.

Fan Awards BallotThe Thompsons also immediately revived their fan awards, which had started back in Newfangles. The first CBG Fan Awards issue ran in CBG #500, the Jun. 17, 1983 issue. (Frank Miller was the big winner.) Fan Awards ballots would appear in comics from Marvel and many other publishers, with award ceremonies at Chicago Comicon for many years. The program — which, yeah, was also a way of getting prospective subscribers’ addresses — was getting something like 5,000 votes mailed in at its 1990s peak.

CBG was, in fact, part of a two-pronged entry into the comics field for Krause in 1983. Alex G. Malloy, Neil A. Hansen, and Richard Maurizio packaged a first issue of a newsstand magazine, Comics Collector, for Krause. Krause gave the title to the Thompsons to edit thereafter, and while the magazine only lasted 10 issues, the price guide included in it would later form the basis for Comics Buyer’s Guide Price Guide magazine in the 1990s, the CBG Checklist and Price Guide book series, and the Standard Catalog of Comic Books series.

CBG, meanwhile, prospered thanks to subscription efforts and direct market distribution, with circulation topping 20,000 copies by the late 1980s. With the Thompsons at the helm, CBGcontinued to report on  industry news. Expansion in the Direct Market brought more rounds of speculation, such as the run on 1984’s Amazing Spider-Man #252 (with the black costume) and 1986’s Dark Knight Returns #1. The many failed attempts at Spider-Man, Batman, and Watchmen films provided lettercol fodder. Censorship remained a major topic, following the Friendly Frank’s case and creators’ attempt to stave off a ratings system. The debate over Marvel and Jack Kirby’s artwork filled many pages. And the top-selling issue of the 1980s was 1987’s issue reporting Jim Shooter’s departure from Marvel.

The ease with which the Direct Market made self-publishing possible made the publication an important vehicle for a plethora of new publishers. Teenage Mutant Ninja Turtles #1 was first advertised by its publishers in CBG #542 (Apr. 6, 1984) for $2 postpaid, and CBG followed with reports throughout the black-and-white comics glut that followed in the mid-1980s. The Thompsons promoted many up-and-coming creators, with Don later evangelizing for Jeff Smith’s creation Bone in the early 1990s.

CBG #866Theme issues for international, Golden Age, and media-related comics appeared in the first Krause decade, as did many new columnists. Tony Isabella, who had written for the original TBG, started a regular presence in the 1980s, as did Heidi MacDonald, now of ComicsBeat.comBob Ingersoll wrote a legal column. And Peter David, who first appeared as a Marvel representative in CBG’s pages, started his “But I Digress” column in CBG #871 (July 27, 1990); he would serve as the inside-back-page columnist ever after.

CBG #963 New FormatBy the early 1990s, the comics industry was amid the biggest boom of its history, driven by speculation and the availability of easy credit from comics distributors. CBG reported that annual sales in 1991 were $475 million — including the newsstand; that figure would reach $850 million in 1993. (By contrast, the Direct Market alone in 2012 had sales of $475 million, with the wider marketplace bringing it north of $700 million — in today’s dollars, that is.) 

 reported on one boomlet after another, from the bagged Spider-Man #1 and 1992’s “Death of Superman.” The magazine switched to a tabloid with #963 (seen at right) in 1992 for easier shipping, which opened up the cover again for art. And after reporting on distributors and their conferences for many years, CBG spun off all business material into Comics Retailer in 1991.

CBG #1077As the comics glut reached epic proportions with more than 500 comics coming out a month, the Thompsons famously editorialized for restraint. CBG issues ran over 120 pages many weeks — still running at a 75/25 ad-to-edit ratio — stuffed with ads from comics dealers. With Wizard starting to attract readers, Krause tried to improve the salability of the magazine by publishing the issue as an upright single-section tabloid, with a color cover. But many comics shops refused to carry CBG because of the perceived competition from its ads — a problem that would harm it greatly later on.

Wisconsinite Brent Frankenhoff joined the staff as Don and Maggie’s associate editor in September 1992, and publisher Greg Loescher hired me to take over Comics Retailer in November 1993. (On Don’s behalf, Brent had previously mailed the rejection letter for my sole previous submission to CBG, a comic strip; I would rib him over that fact for many years. They were right to reject it, of course — no cartoonist I!) But by the end of 1993, the comics industry was on the brink of a historic collapse.

CBG #1074And sadly, Don’s health was failing, too. He continued to write his review column from a hospital bed in late 1993, and kept up a busy schedule into 1994. Verybusy. I have to say I have never seen anyone work as hard as Don Thompson did. He was in the office at all hours, working on those gargantuan papers. He died in May 1994 at 58, having reviewed more than 10,000 comics in his career; his and Maggie’s work together had appeared in 739 issues of the combined magazines.

CBG #1073 (June 10, 1994) was hours from going to press when Don died; somehow, Maggie managed to get an obituary and remembrance note in that issue. The first condolence note across the fax machine came from Neil Gaiman. 

There were many, many more.

The Maggie years (1994-2013)

Maggie soldiered on, dealing with what had become by that point an enormous weekly newspaper. The editorial computer system was an unholy disaster of a thing — an ancillary product of, no joke, a chemical firm — and the copy was still, in those days, being pasted physically on layout boards. Brent and I resolved to help, and we did — as did Michael Dean, who was brought on later that year. Mark Evanier signed on as a columnist, helping to fill many of the pages.

CBG #1257 Art by Steranko, color by SpurlockThe problem, of course, was the same one everyone in comics faced. The business model for CBG used page and advertising budgets based on past performance. After the fall of 1993, the comics industry was on a downward trajectory that was not going to improve until after 2000. In the meantime, retail accounts vanished, taking a chunk out of the newspaper’s ad and single-copy sales. Since ad pages determined the number of edit pages in those days, subscribers saw less of CBG in their mailboxes.

With the Feb. 23, 1996 issue (#1162), CBG reduced its trim size to a smaller tabloid; becoming less newspaper, and more magazine. I worked on that redesign (and another one in 2001, each coping with the changing availability of pages). The Internet began chipping away the direct-mail market for collectible comics, and that, too, cost editorial pages. Finally, at some point, the 75/25 rule was dropped, with a 60-page minimum page count instituted.

CBG #1277That meant a change in the size of the newshole — an increase, the first in a long time. It also meant that much more of the value of the magazine would be in its editorial content. This was a challenge for the publication, as its editorial budget had always been paltry: many contributors in previous years simply wrote for free, whereas the existence of new competitors like Wizard had raised the price of content. The internal staff — which later on at different times included Joyce Greenholdt, Nathan Melby, James Mishler, Jason Winter, and Ray Sidman — began generating a lot more original content. CBG included much coverage of the gyrations of the distribution market in the 1990s, and Marvel’s bankruptcy; censorship made its reappearance with the Planet Comics case. Later, a news-capsule deal was struck with Newsarama, whose Matt Brady had gotten his start writing for Comics Retailer. Michael Doran and Matt contributed many pieces over the years.

CBG #1354, magazine passes Four Color in numberingThe 1990s and early 2000s thus saw a lot of experimentation — some of it, admittedly, chasing whatever genre the ad staff saw potential promise in. While there was always a separation between advertising and editorial, there were fishing expeditions into manga, games, and toys. (The only artifact of the game foray is that 1995’s CBG #1116 became the highest-selling issue of the magazine ever, including in its polybag an exclusive card for then-white-hot Magic: The Gathering.)

More luck was had following something closer to the core mission: CGC, and the rise of auction houses in the early 2000s. It became apparent, however, that nostalgia was the major unifying factor in CBG’s readership — as typified by popular columnist additions Craig “Mr. Silver Age” Shutt and Andrew “Captain Comics” Smith.  The magazine also continued to cover the comics resale market, adding Mile High's Chuck Rozanski as a columnist.

CBG #1499 News format issueThe missing piece, however, was the Internet. CBG had weathered the ups and downs of  the hobby by being one of a stable of collector’s magazines at Krause. Unfortunately, this safety in numbers tended to make it tougher for a single magazine — one serving early-adopters — to offer a service that the other magazines did not have. Opportunities to acquire or host major comics sites operating today had to be passed on, because of a lack of infrastructure or resources.

And the competition that proved most damaging to the magazine came not from Internet news sites or other magazines — but rather, eBay. It struck directly at the weekly shopper model, wiping out the classifieds. It was this, among other things, that led to the end of the newspaper format in 2004. Krause had been sold to a private equity firm in 2002 and merged with what is now F+W Media; in 2004, with the private equity firm contemplating another sale (which happened in 2005), CBG abandoned the weekly shopper model to become a monthly magazine. For the first time, it was almost fully dependent on single-copy and subscription sales.

CBG #1595 First magazine sizedThat redesign was assigned to me, and as I wrote in a CBG column a few years ago, it was one of the scariest things I’ve ever had to do. The history of the magazine was formidable, as were the expectations of the readers. I had asked what percentage we could be allowed to lose and make the changeover work; the answer was one in three.

Fortunately, we didn’t go anywhere near that — I think the number of people who canceled that first summer was in the single digits. The reason was in part because then-publisher Mark Williams committed to giving the staff, for one year, the same number of pages that would have been in a month of weekly issues. For a year, no issues had fewer than 240 pages — and the second monthly issue, #1596 (September 2004) was the largest ever, at 292 pages. The “big chunk” model had enough room to pursue the three directives the staff had been given: directing one third of the publication toward new comics with lots of reviews; one third toward older readers, with nostalgia pieces; and one third toward collectors, with a price guide section that drew upon actual transactions, digitally culled from — yes, our old nemesis eBay.Thatwas part of a strategy supporting the Standard Catalog of Comic Books line, which the staff had recently started. We threw everything we could find into the monthly magazine.

CBG #1697The new format also allowed CBG to do something it hadn’t been able to do before: purchase original art covers. All those covers in the 1990s, almost all, had been promotional pieces. With CBG finally in a format  where Barnes & Noble could carry it on the main shelves, what was on the cover mattered. Mark Patten and David Campiti helped the magazine acquire cover art. In 2005, CBG also finally got its own website, the now-defunct I developed the initial version of it, one of my last acts before moving on in the company (which I left in 2007). Jim Johnson, John Petty, Brett Weiss, and Michelle Nolan came aboard as contributors.

In the end, the redesign bought another eight years, and just over a hundred issues.

CBG #1699 Last IssueBrent, who had been promoted to full editor of CBG when Maggie (then Senior Editor) cut her workload at the end of 2007, worked with designer Shawn Williams to put together a nice package each month. The 240-page deal lapsed, and the number of pages was slowly allowed to come back down to balance the books. Color pages became black and white, glossy paper became newsprint, and the price guide was dropped altogether. My own column eventually was, too, although I had taken up residence here at Comichron by then.

While the comics business in the early 2010s was thriving, the magazine business had long been in far worse shape, and while there was still a market for the right magazine model (Alter Ego, etc.), there wasn’t another evolution left in CBG. The staff received news of the cancellation just after the new year in 2013, and the news was announced on Jan. 9. Issue #1699 had already gone to press, so there was no anniversary issue, nor acknowledgment in the magazine. The last thing in the final issue was, as always, a column by Peter David.


A year after the magazine folded, Roy Thomas — whose work at Marvel was covered in TBG's earliest issues — devoted an entire issue of Alter Ego to the magazine's history. With participation by the staffers and many of the columnists—and, yes, Alan Light!—it serves as the unofficial 1,700th issue of the magazine. Alter Ego #122 can be found here.

Maggie Thompson continues to blog on her website; she can also be found on Twitter. Maggie's blog post about the end of the magazine appears here. I’m working with her on a number of comics research activities. Maggie also blogs for Comic Con International's Toucan blog. Brent’s Twitter feed is here; he has remained active in the field as well. Many of the other columnists can be found on social media, promoting their new works. Sadly, Chet Krause passed away in June 2016.

There is no digital archives of CBG, beyond the DVDs produced for the last few years. Krause did not own the rights to many of the columns that appeared in the 1980s and 1990s, and excising that material would have been impractical.

Comics Buyer's Guide's standing in the hobby can be also seen in one famous feature film: in 1995, director Kevin Smith asked us to create a facsimile issue of the magazine for use in the opening credits of Chasing Amy. We took the opportunity to include the names of the staffers, including graphic designer Tom Dupuis, on the cover. The staff saw the movie together  — and in 2022, Smith informed me he still has the cover, framed. "I was a big CBG fan so this prop meant the world to me! Made our whole fake world seem more legit!"

As a reader in high school, CBG gave me a sense of community; as an editor, it gave me the chance to talk comics with thousands of people at once, and to advance some of my historical interests. The magazine changed my life, and I know that it touched others as well.

2018 Update: With the Iola, Wis. office closing its doors, Maggie and I were offered the opportunity to find homes for the bound issues and the voluminous 5,000+ copy plus file copy collection for the magazine. The bound copies went to Columbia University (Ohio State University and the University of Michigan already have sets) whereas — in a quickly arranged rescue operation — the file copies went to Buddy Saunders' When those issues are processed, there'll be something that never existed while the publication is running: a source for back issues for all thirty years. There may be no digital archives, but with this effort, physical copies will continue to exist.

—Updated January 9, 2023