Oh dear. Could ATP be on the brink of administration? It certainly seems that way, with a statement expected shortly. They've insisted that all currently planned events will go ahead as scheduled, but I might hold off buying that ticket for the Shellac-curated festival at Camber Sands for the time being, just in case.
It's probably not helpful or fair to speculate about what's gone wrong when we don't yet know all of the facts - especially when the company's been responsible for treating me to some superb weekends. However, over the past year or two there have been a few signs that things might be going slightly awry: the Minehead weekends failing to sell out, followed by the downsizing back to Camber Sands; the postponement of the Jeff Mangum event, which (to my knowledge) was never satisfactorily explained; the widely reported problems that blighted the first I'll Be Your Mirror events, at least (daft queueing systems, awful sound, wristband issues). Perhaps, like Truck before them, they've overstretched themselves somewhat.
Hopefully this isn't the end, though, and like Truck, they can scale back, regroup and refocus, and live to fight another day. Fingers crossed the label - home to so many great artists - remains unaffected.