Stereogum was recently reacquired by its founder Scott Lapatine earlier this year, however the site has been facing financial issues due to the impact of COVID-19. The legendary site is now hosting a benefit album to help keep the site running titled Save Stereogum: An ‘00s Covers Comp, featuring over 44 artists covering songs from 2000 to 2009.
An extensive list of artists including Mac DeMarco, Death Cab for Cutie, El-P, Sharon Van Etten, Julien Baker, Jeff Rosenstock, Ty Segal, Kero Kero Bonito, Waxahatchee, The National, Wye Oak and Thou will be featured on the upcoming compilation, Sad13, the solo project of Speedy Ortiz frontwoman Sadie Dupuis teased a Cake cover, which is slated for the upcoming compilation.
— speedy ortiz ÷ haunted painting 9.25.2020 (@sad13) June 29, 2020
Donors can purchase this album via an Indiegogo crowdfunding campaign, which has been launched today. Each of these tracks will be released one at a time and while 44 artists are currently confirmed, more are expected to join the project. The site will be selling several packages, with the GA covering just the album, Front Row being bundled with t-shirts, VIP is accompanied by a special Zoom launch party and Backstage is a limited edition bundle containing the t-shirts, posters, sunglasses, their chewing gum from SXSW 2019, stickers and matchbooks. The final package All Access, includes every single number one Hot 100 hit recorded since 1958.
Prior to Lapatine’s re-acquisition, the company was owned by the Hollywood Reporter-Billboard Media Group, who ran the company under the Spin Media Group, which also managed Spin. Spin was later sold off to a private equity firm called Next Management Partners, which followed a series of extensive layoffs from both companies.
Lapatine explained that these problems were enhanced by the COVID-19 pandemic, which has shuttered all live music events across the country and thus a major ad revenue source for the site. According to Lapatine the site’s revenue has been more than halved as a result of the pandemic.
“We knew building a sustainable operation would not be easy,” Lapatine wrote. “But since March, like so many other publications big and small, we have seen our advertising revenue plummet more than 50% because of the COVID-19 pandemic. Concerts and festivals, historically our biggest advertisers, have disappeared entirely.”
List of contributing artists:
Bethany Cosentino (Best Coast)
Car Seat Headrest
Colleen Green feat. Diarrhea Planet’s Emmett Miller
Death Cab For Cutie
Kero Kero Bonito
Laura Jane Grace & The Devouring Mothers
Pure Bathing Culture
Sharon Van Etten
Strand Of Oaks
The New Pornographers