Ain't It Cool's Harry Knowles: The Cash- Strapped King of the Nerds Plots a Comeback. This story first appeared in the April 5 issue of The Hollywood Reporter magazine. It was July 2. 01.

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Harry Knowles was working up a sweat. Eighteen months earlier, the creator- owner- figurehead of Ain't It Cool News collapsed and had back surgery to treat the effects of spinal stenosis, a chronic condition stemming in part from a 1. So now he was walking on a treadmill at a clinic near his Austin home as part of his physical therapy. His phone rang. Still trudging, Knowles answered.

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It was Roland De Noie, his business manager."I really f- -- ed up," said De Noie in a panic. It's all my fault." He had discovered that Ain't It Cool News - - the website Knowles started in his Texas bedroom that grew to be the scourge of Hollywood, redefined the nature and pace of entertainment journalism and turned an overweight, ginger- haired self- diagnosed movie nerd into the face of a geek nation on the rise - - owed about $3. While Ain't It Cool News had been making $7. The business had no cash reserves and no way to pay the bills.

Its bank account had been seized. We're not going to be able to get out of this one," said De Noie. Knowles tried to get his childhood friend to explain, but there was no simple answer. It was the advertising slowdown or bad business practices or horrible decisions or a combination of all three.

But the fact remained that Ain't It Cool News was bleeding out. PHOTOS: Harry Knowles: The Once (and Future?) King of the Nerds"It's all over," said De Noie. After a messy, heated conversation, Knowles got off the treadmill and climbed into his wheelchair.

Feeling sick to his stomach, he rolled himself into the bathroom. He called his wife to come pick him up. Then, with the door shut, Harry Knowles started to cry. Five months later, Knowles is gleefully indulging in movie glossolalia - - his relentless, digressive, incantatory mania for framing every anecdote, recollection and critical argument with Hollywood name- dropping and film references, for which he has an encyclopedic total recall. In the living room of his nondescript ranch house in north Austin, he in a wheelchair and a reporter on a low- slung couch, Knowles talks and talks, unspooling his tales. It doesn't help that we're both still coming down from 2.

Butt- Numb- a- Thon, the annual film festival/birthday party/ordeal he mounts at Austin's Alamo Drafthouse theater. Or that we're surrounded by a Hoarders- style panoply of DVDs, signed movie posters, comic book covers, animation cels, toy armies of action figures, film props (Knowles has been waving around an ornate key from The Hobbit), a glossy of Knowles with Quentin Tarantino on the set of Kill Bill, a plaster model of Georges Melies' "Man in the Moon" with the spaceship bullet stuck in its eye and an aquamarine bottle of Samourai Parfums de Alain Delon cologne.

Or that while we talk he's screening a herky- jerky documentary about stop- action animation, with the murmuring sound turned down low and the projector fan wheezing softly. Knowles watches little TV, but he's a cinematic omnivore, burning through Blu- rays at a blistering rate.) Or that Knowles - - it is his 4. Oswald the Lucky Rabbit ears.

Given Knowles' financial distress, the latest Butt- Numb- a- Thon almost never happened. How could I distract myself with a giant party when the whole thing is falling to pieces?" Knowles remembers wondering as the December festival approached. Clearly, however, pulling off yet another BNAT has cheered him up. This year's edition featured a trademark mashup of premieres, A- list personal appearances (Peter Jackson, Paul Feig, Rian Johnson and Guillermo del Toro), vintage classics and video birthday greetings (Brad Pitt taped a hilarious Chanel No. World War Z). STORY: 'The Hobbit: There and Back Again' Pushed Back From Summer 2. December 2. 01. 4After the phone call from De Noie and his initial despair, Knowles went into triage mode.

He and his wife, Patricia Cho, had been planning to build a house in Austin, but now he plundered their personal nest egg to pay his writers and contributors, the site's hosting fees, the tax deficit and the bills for an overhaul of the outdated site. Drawing on the experience of clawing back from previous near- death business crises, Knowles furiously began working the phones and offering discounted advertising packages to studio marketers. If I hadn't had a savings account," he says, "the site would have been dead by August."Yet Knowles appears curiously unworried.

He doesn't quite seem to grasp that he's been speeding along a precipice. Or that Ain't It Cool News might be facing an even bigger existential threat: Is the pioneer of online nerddom still relevant in an age where there are a hundred different sites covering geek entertainment, where sneak peeks now are doled out by studio marketing divisions, where filmmakers have figured out how to work the web to their advantage rather than hide from it, where directors like J. J. Abrams wield secrecy like Tolkien's Ring of Power?"I'm embarrassed in that I'm 1.

Knowles, not looking very embarrassed. In fact, it looks like he's still having the time of his life. STORY: 'Looper' Director Rian Johnson Offers Behind- the- Scenes Secrets and Tips in Reddit AMA"Ain't It Cool News has always been a business that was run like a really great hobby," says writer Drew Mc.

Weeny, one of Knowles' oldest friends and a former contributor (under the byline Moriarty) to the site. As a result, I don't believe it is the business it could have or even should have been. People came to him and offered venture capital. There were some fairly major overtures made. But Harry would not get in a position where someone else could say yes or no. Against The Wild Full Movie In English more. It remains exactly what it was in 1. Harry's personal site with Harry's friends and a few close collaborators.

It's still a scrappy little bedroom operation. I suspect as long as Harry is part of Ain't It Cool News, that is what it will be."It's true. Knowles' unchanging brand of fandom and movie love are the primary forces behind the longevity - - and parlous circumstances - - of Ain't It Cool News. The days of his peak fame and notoriety during the late 1. Velma of Scooby- Doo), remains an artless throwback to that era. In a weird, nerdy, geeky, immature way, I've always wanted to retain the sense that it wasn't quite professional," says Knowles, who named his site after one of John Travolta's lines in John Woo's 1.