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 ]
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Michael Joseph has triumphed in a five-way auction for Evening Standard features editor Phoebe Luckhurst's “hilarious” debut novel The Lock In. Continue reading at The Bookseller
[ The Bookseller | 2020-09-28 12:02:59 UTC ]
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Fourth Estate has won a 10-publisher auction for Pauline Harmange’s I Hate Men, which caused a storm on its release in France, with calls for it to be banned. Continue reading at The Bookseller
[ The Bookseller | 2020-09-27 13:23:29 UTC ]
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HarperCollins Children's Books has triumphed in a multi-publisher auction for 'beautiful' middle grade novel The Last Bear by debut children’s author Hannah Gold. Continue reading at The Bookseller
[ The Bookseller | 2020-09-23 18:38:42 UTC ]
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Jonathan Cape has acquired Swedish musician Neneh Cherry’s memoir, A Thousand Threads, in a 14-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-09-16 11:56:22 UTC ]
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Bloomsbury is to publish Patricia Lockwood's first novel No One Is Talking About This, after winning a 10-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-09-16 02:57:52 UTC ]
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The Bodley Head has won an 11-publisher auction for the next book by Jenny Odell, author of the New York Times bestseller How To Do Nothing. Continue reading at The Bookseller
[ The Bookseller | 2020-09-10 03:39:07 UTC ]
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Doubleday has acquired two novels by Anglo-Nigerian writer Nikki May in a "hotly contested" nine-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-09-07 17:57:58 UTC ]
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Wildfire has won a three-publisher auction for a “staggering” coming-of-age story from 22-year-old debut novelist Moses McKenzie in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2020-09-03 10:01:53 UTC ]
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Trapeze will publish two novels from US author Naima Coster, including What's Mine and Yours, a book the author hopes "will inspire tough, rich conversations". Continue reading at The Bookseller
[ The Bookseller | 2020-08-31 11:05:45 UTC ]
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Yellow Kite has won psychotherapist and mental health consultant Zoë Aston's first book in a five-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-08-26 11:34:22 UTC ]
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Fourth Estate has won a five-publisher auction for My Fourth Time, We Drowned, a “powerful and ground-breaking” investigation into the plight of refugees from journalist Sally Hayden. Continue reading at The Bookseller
[ The Bookseller | 2020-08-13 05:19:45 UTC ]
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HQ has triumphed in a five-way auction for the “deliciously provocative” debut adult novel from Laurie Elizabeth Flynn. Continue reading at The Bookseller
[ The Bookseller | 2020-07-15 18:55:22 UTC ]
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The Borough Press has won a three-way auction for the adult debut by Emily M Danforth, an “utterly immersive and hugely compelling” queer gothic novel. Continue reading at The Bookseller
[ The Bookseller | 2020-07-15 01:51:54 UTC ]
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Picador has triumphed in a six-way auction for I Heard What You Said by Jeffrey Boakye, a “smart and witty” look at racism in British schools. Continue reading at The Bookseller
[ The Bookseller | 2020-07-09 18:10:33 UTC ]
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Sphere is publishing debut author Jacqueline Bublitz’s novel Before You Knew My Name, pitched as "The Lovely Bones for a new generation", plus a second book. Continue reading at The Bookseller
[ The Bookseller | 2020-07-09 08:04:20 UTC ]
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Virago has acquired I’m Still Here: Black Dignity in a World Made for Whiteness by Austin Channing Brown in an eight-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-07-07 21:39:52 UTC ]
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HarperCollins has triumphed in a heated six-publisher auction for the debut novel by Nita Prose, the pen name for vice president and editorial director at Simon & Schuster in Canada, Nita Pronovost. Continue reading at The Bookseller
[ The Bookseller | 2020-06-25 11:27:10 UTC ]
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Michael Joseph has acquired The Downfall and a second novel, Eden Lost, by debut author Laure Van Rensburg in a six-figure deal after a six-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-06-21 20:13:47 UTC ]
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Bluebird has won a multi-publisher auction for a “landmark” book on the menopause from Mariella Frostrup and Alice Smellie. Continue reading at The Bookseller
[ The Bookseller | 2020-06-04 04:03:45 UTC ]
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PRH imprint Windmill is to publish debut psychological thriller Whoever You Are, Honey by Olivia Gatwood. Continue reading at The Bookseller
[ The Bookseller | 2020-05-27 23:41:26 UTC ]
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