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 ]
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
[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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
[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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
Sponsored by Cummings Printing When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing... Continue reading at Folio Magazine
[ Folio Magazine | 2019-06-27 17:04:10 UTC ]
More news stories like this
Penguin Random House has developed a free online resource on how to get published, offering practical information and inspiration for unpublished writers on the publishing process. Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 04:08:02 UTC ]
More news stories like this
Penguin Random House UK has ceased publication of Pedro Baños’ How They Rule the World: The 22 Secret Strategies of Global Power (Ebury) after an external review investigating allegations of antisemitism found the publisher should "have asked more questions and conducted deeper due diligence to... Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 02:11:46 UTC ]
More news stories like this
Salesforce Senior Vice President Stan Sugarman sits down with Ad Age Associate Publisher Heidi Waldusky to inform why internal collaboration is the foundation for the best customer experience. This custom video series is made possible by Salesforce. Continue reading at Advertising Age
[ Advertising Age | 2019-06-25 19:25:00 UTC ]
More news stories like this
When it comes to ad spending, the FANG gang has developed some serious teeth. For the first time, all four FANG companies—Facebook, Amazon, Netflix and Google parent Alphabet—rank among the top 100 spenders in Ad Age Leading National Advertisers 2019. FANG—Wall Street lingo for these internet... Continue reading at Advertising Age
[ Advertising Age | 2019-06-25 07:00:00 UTC ]
More news stories like this
Penguin Random House division Puffin has acquired a picture book about a day in the life of two gay dads and their adopted daughter, by WriteNow mentee Gareth Peter, illustrated by Garry Parsons. Continue reading at The Bookseller
[ The Bookseller | 2019-06-25 03:54:45 UTC ]
More news stories like this
People editor-in-chief Dan Wakeford announced his first hire and several promotions since taking on his new role in March. [caption id="attachment_160467" align="alignright" width="150"] Wendy Naugle[/caption] Wendy Naugle was brought on as the new deputy editor for the magazine. She joins... Continue reading at Folio Magazine
[ Folio Magazine | 2019-06-20 16:36:32 UTC ]
More news stories like this