Special interest magazine publisher F+W Media is due back in Delaware bankruptcy court Monday afternoon, where the company is expected to present the winning bidders emerging from an auction of its remaining media assets, the latest step in a process that began when the company filed for Chapter 11 protection in March, citing over $100 million in debt. Unlike the company's books division—the entirety of which went to Penguin Random House for $5.6 million at a similar auction last week—the magazine side was broken up and auctioned off in pieces, with the largest chunks going to Active Interest Media subsidiary Cruz Bay Publishing and Macanta Investments, the investment vehicle for Terence O'Toole, who is co-managing partner of Tinicum Inc., the private investment firm that acquired a majority stake in F+W in 2014. All told, the total take for F+W, should all of the bids go through, will be $7.75 million. Putting up a total of $3,525,000, Macanta secured successful bids for F+W's crafts group (its largest division, which includes the Interweave network of of 10 knitting, sewing and related needlework magazines, as well as nine quilting-related magazines), plus the artists network (Artists Magazine, Southwest Art, Watercolor Artist and Pastel Journal), beating out Cruz Bay Publishing for the latter group with a winning bid of $675,000. Not to walk away empty-handed, Cruz Bay Publishing secured successful bids for the 7x frequency Popular Woodworking (beating out Meredith... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-06-17 16:16:56 UTC ]
The 12-year-old UK independent publishing house Wonderbly is to maintain its autonomy as a PRH property. The post Penguin Random House Acquires the UK’ Wonderbly appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-06-04 23:12:44 UTC ]
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The Penguin Random House acquisition machine continues to roll on, with the world’s largest trade publishing announcing it has bought one of the U.K.’s fastest-growing independent publishers, Wonderbly, which has used a direct-to-consumer business model to sell more than 11 million books in 140... Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-06-04 04:00:00 UTC ]
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Penguin Random House will end its distribution arrangement with Diamond Comic Distributors, effective June 25, following Ad Populum’s recent acquisition of the bankrupt Diamond’s comics distribution business. PRH is Diamond’s largest creditor, and is owed $9.2 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-22 04:00:00 UTC ]
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John Griffin, the founder of former hedge fund Blue Ridge Capital, which had $9 billion in assets at its 2013 peak and $6 billion when it wound down four years later, is looking for a nice return on an Upper East Side home.Griffin has listed a nearly 6,000-square-foot full-floor co-op on Fifth... Continue reading at Crains New York
[ Crains New York | 2025-05-16 20:26:17 UTC ]
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The Hasbro veteran, who has a background in both books and comics, was tapped to lead the storied comics house following its acquisition by Penguin Random House last year. And he has big plans for its future. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-30 00:00:00 UTC ]
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Attorneys for the plaintiffs in Penguin Random House LLC v. Gibson argued that their clients “have suffered First Amendment injury” due to book removals in classrooms and libraries facilitated by Florida House Bill 1069, which was signed into law in May 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-30 00:00:00 UTC ]
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Online Ceramics and Penguin Random House team up against the ultimate culture killers. Reading just got a whole lot cooler. Continue reading at Fast Company
[ Fast Company | 2025-04-24 09:00:00 UTC ]
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The US high court hears oral arguments as publishing industry parties file an amicus brief, on school exposure to LGBTQ+ themes. The post Penguin Random House Leads Amicus Brief in LTGBQ+ Books Case appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-04-22 20:46:03 UTC ]
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The US high court hears oral arguments as publishing industry parties file an amicus brief, on school exposure to LGBTQ+ themes. The post Penguin Random House Leads Amicus Brief in LGBTQ+ Books Case appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-04-22 20:46:03 UTC ]
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A longtime leader at Waterbrook & Multnomah, Barker will leave the company effective April 15, with recently hired editorial director Madison Trammel taking oversight of adult fiction and nonfiction editorial at the division. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-02 04:00:00 UTC ]
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A bounceback year at Penguin Random House US, which included several acquisitions, helped to increase sales and profits at the world's largest trade book publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-31 04:00:00 UTC ]
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As challenges to free expression show no signs of abating, Penguin Random House and the National Coalition Against Censorship have announced separate fundraising initiatives to counter the threat. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-26 04:00:00 UTC ]
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Mariann Edgar Budde, the Episcopal bishop of the diocese of Washington, D.C., who urged President Donald Trump to show “mercy” in his second term, has inked deals with two Penguin Random House imprints for books for young people. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-26 04:00:00 UTC ]
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Ahead of the States' National Library Week, Penguin Random House and Sourcebooks open a 'Banned on the Run a fundraising effort. The post Penguin Random House’s ‘Banned on the Run’ Event: US$10,000 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-03-26 02:24:13 UTC ]
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More than three decades since its founding, Melbourne's Text Publishing is acquired by Penguin Random House Australia. The post Penguin Random House Acquires Melbourne’s Text Publishing appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-24 23:35:43 UTC ]
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Three of six 2024 shortlisted titles in the An Post Irish Book Awards were published by Penguin Random House imprints. The post The 2024 An Post Irish Winner: Donal Ryan’s ‘Heart, Be at Peace’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-24 17:17:21 UTC ]
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