This article is from the Comics Misc FAQ, by with numerous contributions by FAQcis Uy firstname.lastname@example.org others.
Valiant is a subdivision of Acclaim (the video game maker). Their comics
line had slumping sales and is now mostly dead, except for video game
tie-ins. Jim Shooter, founder of Valiant and other defunct publishers, will
launch Daring Comics in 1999.
Dark Horse has brought back some of First's titles (Nexus, Badger, et al),
but the rest are being held hostage by lawyers. Todd McFarlane is sitting on
Eclipse's old comics. Comico hasn't been heard from in a while, but
technically still exists.
Tekno Comics (Big Entertainment) died in 1996, with no plans to return.