NOW Comics was a comic book publisher founded by Tony C. Caputo in 1985 as a sole-proprietorship before becoming a part of Caputo Publishing, Inc. During the following four years, CPI grew quickly from a newsstand distribution deal with Warner, adoption of the Comics Code, and publishing licensed properties like The Real Ghostbusters, The Green Hornet and Speed Racer.
NOW declared Chapter 7 bankruptcy in 1990 because of a combination of poor business management, bad luck and impending lawsuits for non-payment of artists and writers. In 1991, NOW Comics relaunched as NOW Entertainment Corporation after being bought by General Learning. In 1994, Caputo was forced out of NOW and the company ceased publishing.
In 2003, Caputo started NOW Comics again as "NOW Comics 3.0" under NOW Media Group, Inc., with the intent to publish creator-owned trade paperbacks. Barry Peterson and Marc Hansen were given shares in the company. Four titles by Hansen were published including a 430-page volume reprinting the first 19 issues of Ralph Snart Adventures. Hansen ended his association with the company in 2005. In February of 2006, the corporation dissolved completely.
Update: As of October, 2008, Tony Caputo is involved in yet another comic book publishing venture.
Update: As of June, 2019, this is dead.
I've restored most of the links below (the original links are all dead).
Tony Caputo hype about Marc Hansen
Tony Caputo's Comic Book Whitepaper
NOW Comics website (domain for sale but files are still on the webserver)
Tony Caputo on Comicon.com forum
Tom Richmond blog on NOW and doing Married...With Children
Tony Caputo interview at Popthought.com
Chicago Tribune article by Robert K. Elder October 14, 2004
Basically covers NOW's history of growing too fast and not having enough money to pay it's bills. Caputo intros the new NOW 3.0. Gripes from past freelancers.
Comics Journal articles on NOW Comics
#123, Jul 1988, page 14, "Chicago's Now Comics Get Newsstand Distribution."
#125, Oct 1988, page 16, "Now Cover Art Missing."
#127, Feb 1989, page 13, "Schiller's Story."
#127, Feb 1989, pages 5-15, "Creators Accuse Now of Non-Payment."
#127, Feb 1989, page 9, "Editorial Direction Lacking at Now."
#128, Apr 1989, pages 3-4, "Courage Before Freelancers, Cowardice Before Censorship."
#128, Apr 1989, pages 6, "Corrections." (for #127 NOW story)
#129, May 1989, page 33, "I Almost Puked."
#129, May 1989, page 33, "Now Again."
#139, Dec 1990, pages 7-8, "Now Suspends Publishing, Seeks Buyer."
#140, Feb 1991, pages 11-12, "It's So Long For Now."
#142, Jun 1991, pages 9-10, "Comics Companies Reborn in Chicago."