P3 Musikjournalen reports that MNW has narrowly avoided bankruptcy: http://www.sr.se/p3/musikjournalen/arkiv.asp?DagensDatum=2004-01-21&Artikel=355864 (in Swedish)
As reported before, MNW recently closed its distribution arm and is now concentrating solely on the label side of business. They used to be one of Sweden's biggest distros.