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 ]
Editor's note: This article was originally published as part of a Folio: Special Report on the state of data in publishing, but we have decided to open it up to a wider audience by publishing it below. To view the full report, click the link at the bottom. The rise of big data—and the ability... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-31 19:33:50 UTC ]
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Hoping 'it helps Penguin Random House Grupo Editorial increase its presence in the Catalan-language market,' the company buys the 34-year-old La Campana. The post Spain’s Penguin Random House Grupo Editorial Buys Catalan La Campana Llibres appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-31 01:20:33 UTC ]
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As Pearson continues to overhaul its education operations, the company said its stake in Penguin Random House contributed £25 million to its adjusted operating profit, up from £22 million in the first half of 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-29 04:00:00 UTC ]
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Outspoken soccer superstar Megan Rapinoe will offer her takes on sports and current events in a new book for the Penguin Press. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-07-25 19:10:34 UTC ]
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Having distributed more than 400,000 children's books last year, the PRH-Kellogg's partnership, Feeding Reading, is back this year with 125 titles on offer. The post Penguin Random House and Kellogg’s Renew ‘Feeding Reading’ Promotion appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-25 05:30:50 UTC ]
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Penguin Random House has revealed its gender pay gap figures nine months early with a largely unchanged balance sheet but with a new initiative which sees all new parents at the company given the opportunity to take 12 months off from next year. Continue reading at The Bookseller
[ The Bookseller | 2019-07-24 23:00:06 UTC ]
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A month after pledging to "vigorously defend" its proposed $1.4 billion acquisition of rival publication printer LSC Communications in the face of a Justice Department lawsuit challenging the deal, Quad/Graphics announced on Tuesday that the two companies have agreed to end the fight. The... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-23 16:26:38 UTC ]
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YA author Alwyn Hamilton has sold a new series to Faber Children’s in the UK and Viking at Penguin Random House in the US. Continue reading at The Bookseller
[ The Bookseller | 2019-07-23 05:23:40 UTC ]
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After placing the winning bid in the auction for the book assets of bankrupt F+W Media, Penguin Random House has completed the purchase of 2,000 titles and that announced the works will become part of the Penguin Publishing Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-22 04:00:00 UTC ]
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Penguin Random House US has finalised the deal to buy the US book-publishing assets of F+W Books. Continue reading at The Bookseller
[ The Bookseller | 2019-07-21 22:23:56 UTC ]
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[caption id="attachment_81710" align="alignright" width="150"] Keith Grossman[/caption] Time appointed Keith Grossman as its new president in an effort to build out its leadership team, following the sale of the magazine to Marc and Lynne Benioff from Meredith Corp. last September. Starting... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-18 16:48:42 UTC ]
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Stormzy’s Penguin Random House imprint #Merky Books has signed a two-book deal with "Mostly Lit" podcaster Derek Owusu. Continue reading at The Bookseller
[ The Bookseller | 2019-07-18 08:34:48 UTC ]
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The shortlist has been announced for the seventh annual Gordon Burn Prize with two nods for Faber, including Max Porter, as well as nominations for three Penguin Random House authors including Pat Barker. Continue reading at The Bookseller
[ The Bookseller | 2019-07-17 06:42:03 UTC ]
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[caption id="attachment_161791" align="alignright" width="150"] Carol Smith[/caption] Carol Smith was promoted to SVP and publishing director of Harper’s Bazaar, Elle and Marie Claire, succeeding SVP, publishing director and CRO Kevin O’Malley, who is retiring. Smith most recently served as the... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-11 16:33:55 UTC ]
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Penguin Random House has acquired the UK and Commonwealth rights to the novelisation of ‘The Prom’, a musical and film that launches on Netflix next year, written by Saundra Mitchell. Continue reading at The Bookseller
[ The Bookseller | 2019-07-09 10:57:52 UTC ]
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In its arrangement with PRH India, Canada’s Wattpad will introduce some of the publisher’s writers to Wattpad readers, rather than generating content from the platform. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Introducing Indian Writers to Wattpad Users eeping up its brisk rate of... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-08 15:35:12 UTC ]
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PRH Children's m.d. Francesca Dow hailed Puffin’s “great new adventure in non-fiction” and the importance of literary adaption and evolution at Penguin Random House Children’s Summer Party at the Natural History Museum last night. Continue reading at The Bookseller
[ The Bookseller | 2019-07-03 20:23:37 UTC ]
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Penguin Random House UK has launched a new business, Penguin Connect, connecting companies and authors to “inspire personal and professional growth” through bespoke events such as workshops and keynote speeches. Continue reading at The Bookseller
[ The Bookseller | 2019-07-03 05:50:45 UTC ]
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A round of promotions has been revealed across 4th Estate and William Collins with Helen Garnons-Williams promoted to associate publisher across the two HarperCollins imprints and Tom Killingbeck appointed to William Colllins' editorial director, while Anna Kelly will become editorial director... Continue reading at The Bookseller
[ The Bookseller | 2019-07-02 10:55:24 UTC ]
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