F+W Media Reveals Winning Bidders at Bankruptcy Auction

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 ]

Other news stories related to: "F+W Media Reveals Winning Bidders at Bankruptcy Auction"


Meredith CEO Considers Splitting Broadcast, Publishing Units

Meredith Corp. has considered splitting its broadcast and publishing units, perhaps uniting one with a strategic partner, Chief Executive Officer Stephen Lacy said.The idea is one of several possibilities the company is considering after its plan to merge with Media General fell through, Mr.... Continue reading at Advertising Age

[ Advertising Age | 2016-02-03 00:00:00 UTC ]
More news stories like this


Obituary: Skip Skwarek

Skip Skwarek, whose long tenure at Dial Books for Young Readers included roles as managing editor and associate publisher, died of pneumonia on January 15. He was 70. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-01-28 00:00:00 UTC ]
More news stories like this


PRH's Weisberg Named President of Macmillan

Don Weisberg is stepping down as president of Penguin Young Readers Group to become president of Macmillan Publishers U.S. He will be succeeded at Penguin by Jen Loja who has been senior v-p and associate publisher of the young readers group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-19 00:00:00 UTC ]
More news stories like this


Shah appointed at Scottish Book Trust

SLIC c.e.o Amina Shah has today (29th October) been appointed as Scottish Book Trust’s new director of programme. The director of programme is a key post at the national charity promoting literacy and a diverse reading and writing community in Scotland. Working with the c.e.o. as part of the... Continue reading at The Bookseller

[ The Bookseller | 2015-10-30 00:00:00 UTC ]
More news stories like this


Abbey Klaassen to Join 360i as Chief Marketing Officer

Abbey Klaassen is joining 360i as its new chief marketing officer following almost a year at the shop's parent company Dentsu Aegis.Ms. Klaassen, a former Ad Age editor and associate publisher, will succeed Amanda Malko at 360i, who is leaving the agency after eight years."When [360i] Chairman... Continue reading at Advertising Age

[ Advertising Age | 2015-09-09 00:00:00 UTC ]
More news stories like this


5 things to know about the Meredith-Media General deal

Media General and Meredith Corp. are combining to form the third biggest TV broadcaster. What you need to know: This is the latest in a TV consolidation wave as broadcasters seek a hedge against declining audiences and a shift to digital and try to capitalize on political ad spending. It looks... Continue reading at Digiday

[ Digiday | 2015-09-08 00:00:00 UTC ]
More news stories like this


Staff Recommender: Erica Boeke, Who Was Once *This Close* To The Big Leagues

The best things on the Internet this week, curated by Fast Company employees. Erica BoekePhoto: Celine Grouard for Fast Company Name: Erica Boeke Role at Fast Company: Associate publisher, Global Marketing. Among other things, I get to work with our partners on the fun stuff—like the Fast... Continue reading at Fast Company

[ Fast Company | 2015-07-31 00:00:00 UTC ]
More news stories like this


Virago acquires Carrie Brownstein memoir

Virago has acquired the memoir of American musician, actor and writer Carrie Brownstein. Ursula Doyle, associate publisher of Virago, bought UK rights in the memoir, titled Hunger Makes Me a Modern Girl, from Hal Fessenden at Penguin Random House US. Continue reading at The Bookseller

[ The Bookseller | 2015-07-18 00:00:00 UTC ]
More news stories like this


Shavit to succeed Franklin at Cape

Dan Franklin will step down from his role as publishing director at Jonathan Cape at the end of the year, with Michal Shavit [pictured], currently deputy publishing director at Harvill Secker, taking his place.  Franklin, who is aged 66, will take the title of associate publisher and will... Continue reading at The Bookseller

[ The Bookseller | 2015-07-14 00:00:00 UTC ]
More news stories like this


ViralNova, a Social News Aggregator, Sells to Zealot Networks

Earlier this year, executives at social news site ViralNova had to make a decision. The two-year-old company that has never raised outside funding could stay independent and try to keep up with larger digital media companies like Vice and BuzzFeed on its own as was the plan since Sean Beckner... Continue reading at Advertising Age

[ Advertising Age | 2015-07-09 00:00:00 UTC ]
More news stories like this


Glenn Named Publisher at Humanix Books

Mary Glenn, former associate publisher at McGraw-Hill Professional, has been named publisher of Humanix Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-10 00:00:00 UTC ]
More news stories like this


Longtime Editor of Better Homes and Gardens Retiring

Meredith Corp. said Gayle Butler, who helped expand the magazine’s digital reach, would be replaced by Stephen Orr, the executive editor at Conde Nast Traveler. Continue reading at The New York Times

[ The New York Times | 2015-06-04 00:00:00 UTC ]
More news stories like this


H&S buys Laini Taylor trio

Hodder & Stoughton has acquired three new young adult novels by Laini Taylor, author of the Daughter of Smoke & Bone trilogy. Kate Howard, associate publisher at Hodder, acquired British Commonwealth rights, excluding Canada, from Jane Putch of Eyebait Management. The first book, The... Continue reading at The Bookseller

[ The Bookseller | 2015-05-20 00:00:00 UTC ]
More news stories like this


Gail Gonzales Named V-P, Associate Publisher at Rodale

Gonzales, currently director of integrated marketing at Simon & Schuster, has been been appointed v-p, associate publisher, trade books at Rodale, effective June 15. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-05-18 00:00:00 UTC ]
More news stories like this


Suzanne Gibbs Taylor Named Publisher of Gibbs Smith

Suzanne Gibbs Taylor, associate publisher and creative director at Gibbs Smith, has been promoted to publisher and COO of the press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-05-04 00:00:00 UTC ]
More news stories like this


Expanding Your Content’s Reach In a Post-Print Era

A Q&A with Doug Grinspan, associate publisher of WIRED. The post Expanding Your Content’s Reach In a Post-Print Era appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-04-07 00:00:00 UTC ]
More news stories like this


Pushkin Press c.o.o Seegmuller to leave

Pushkin Press’ associate publisher and c.o.o. Stephanie Seegmuller is to leave the company after three years. Seegmuller, who joined Pushkin from Penguin in April 2012, said it was time to “find fresh challenges”. During her time at Pushkin, Seegmuller has been involved in the launch of new... Continue reading at The Bookseller

[ The Bookseller | 2015-03-20 00:00:00 UTC ]
More news stories like this


Wattpad Delivers Erotic Romance via New App

Wattpad, the online reading and writing community, has released After Dark, an app that offers its users a curated selection of romance and erotica. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-26 00:00:00 UTC ]
More news stories like this


Promotion for Sceptre's Moir

Sceptre editorial director Drummond Moir is to take on the new role of associate publisher at the Hodder & Stoughton imprint. Moir, who will take on “strategic responsibility” for Sceptre’s non-fiction publishing, will also join the Hodder board. He will continue to acquire fiction for the... Continue reading at The Bookseller

[ The Bookseller | 2015-01-09 00:00:00 UTC ]
More news stories like this


Donahue to Leave S&S

Suzanne Donahue, v-p and associate publisher at Simon & Schuster, will be leaving the company on December 22. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-12-12 00:00:00 UTC ]
More news stories like this