Is this the end for SMU Press?

The Dallas Morning News reported earlier today that Southern Methodist University has suspended operations at SMU Press. According to Paul W. Ludden, SMU provost and vice president for academic affairs:

"It is with regret that we make the decision to suspend operations of the SMU Press, which has enjoyed a distinguished history of publishing...SMU has weathered the financial crisis well, but some cuts were necessary," he wrote. "By suspending operations rather than closing the press with finality, we retain the option to resume the press in a renewed form in the future."

SMU Press has published a lot of terrific fiction, including the hardcover of Tracy Winn's Mrs. Somebody Somebody, which scored a starred review in PW and launched her over to a book deal at Random House, who'll be publishing the paperback this summer. Read the whole sad story here.