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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William Collins has triumphed in a three-way auction to publish Financial Times journalist Simon Mundy’s "urgent and practical" book on how climate change will transform global industry, economy and international development. Continue reading at The Bookseller
[ The Bookseller | 2019-10-23 16:03:08 UTC ]
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Chatto & Windus has triumphed in a hotly-contested eight-way auction to publish an "extraordinarily brave" memoir about faith, loss and addiction. Continue reading at The Bookseller
[ The Bookseller | 2019-10-23 09:08:05 UTC ]
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W&N has triumphed in a seven-publisher auction for Aztec historian Caroline Dodds Pennock’s untold story of the Native Americans who discovered Europe. Continue reading at The Bookseller
[ The Bookseller | 2019-10-16 19:15:44 UTC ]
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Fourth Estate will publish film director and documentary maker Sarah Aspinall’s memoir, following an auction. Continue reading at The Bookseller
[ The Bookseller | 2019-10-15 16:28:03 UTC ]
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Citing mounting vendor debt and declining revenue, Tiger Oak Media—the publisher of more than 30 regional and bridal magazines around the country—has filed for Chapter 11 bankruptcy protection, according to documents filed in U.S. Bankruptcy Court in Minnesota on Monday. The 26-year-old... Continue reading at Folio Magazine
[ Folio Magazine | 2019-10-10 14:55:27 UTC ]
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Scholastic has won a "heated" auction for a middle-grade debut about an 11-year-old with a stammer who wants to become a stand-up comedian. Continue reading at The Bookseller
[ The Bookseller | 2019-09-30 12:33:54 UTC ]
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Ebury has won a four-way bidding war to publish journalist Robyn Wilder’s “funny, frank and deeply moving” memoir, Reasons to be Fearful. Continue reading at The Bookseller
[ The Bookseller | 2019-09-27 07:15:43 UTC ]
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Bloomsbury has won a 15-publisher bidding war for a book on grief by podcaster Cariad Lloyd, in “one of the fiercest auctions” managed by agent Nelle Andrew of PFD, for a "significant" six-figure deal. Continue reading at The Bookseller
[ The Bookseller | 2019-08-04 20:54:25 UTC ]
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Bloomsbury has won an auction for academic Samantha Walton’s exploration of the "long cultural legacy of the ‘nature cure’". Continue reading at The Bookseller
[ The Bookseller | 2019-07-30 23:59:19 UTC ]
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Peak Media Properties, a new company owned by Terence O’Toole’s private investment vehicle Macanta Investments, LLC, launched on Monday to house 20 former F+W Media crafts, design and fine arts titles. F+W’s former Artist’s Network and Crafts communities, which includes Artists Magazine, The... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-30 19:32:49 UTC ]
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After F+W Media filed for chapter 11 bankruptcy protection and auctioned off its portfolio of 50 magazines earlier this year, Active Interest Media’s Cruz Bay Publishing placed the winning bids for 14 total brands across the Woodworking, Writing, Horticulture and Collectibles Groups, in order... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-23 18:09:05 UTC ]
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Scribner has landed Kim Jiyoung, Born 1982 by South Korean novelist Cho Nam-Joo following a four-way bidding war. Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 20:50:56 UTC ]
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Penguin Random House is acquiring the book publishing assets of F+W Media, which include the Writer's Digest catalog. Communities to be auctioned separately June 13. The post Penguin Random House Buys F+W Media’s Books at Auction appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-07 16:05:51 UTC ]
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4th Estate has triumphed in an auction for a "breath-taking" debut work of autofiction about one man’s involvement in London gang-life. Continue reading at The Bookseller
[ The Bookseller | 2019-04-24 00:00:00 UTC ]
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Bloomsbury imprint Raven Books has won a debut crime novel by Nigerian author Femi Kayode following a four-publisher auction. Continue reading at The Bookseller
[ The Bookseller | 2019-03-20 00:00:00 UTC ]
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Jonathan Cape has triumphed in a five-way auction for award-winning evolutionary biologist Nichola Raihani’s debut Together: How Cooperation Shaped Humankind. Continue reading at The Bookseller
[ The Bookseller | 2019-03-01 00:00:00 UTC ]
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A 36-hour “flash” auction has seen Century buy a grammar guide by Benjamin Dreyer, long-time Random House copy chief and editor. Continue reading at The Bookseller
[ The Bookseller | 2019-02-16 00:00:00 UTC ]
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Quercus has won at auction three books in a new Yorkshire-set "cosy crime" series by author Helen Cox. Continue reading at The Bookseller
[ The Bookseller | 2019-01-12 00:00:00 UTC ]
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Serpent’s Tail triumphed in a five-publisher auction, winning Columbia professor Saidiya Hartman’s "radical and lavish" history of young black women, Wayward Lives, Beautiful Experiments. Continue reading at The Bookseller
[ The Bookseller | 2019-01-09 00:00:00 UTC ]
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William Collins has acquired The Science of Storytelling, the next book by Will Storr, author of 2016’s Selfie: How the West Became Self-Obsessed (Picador). Continue reading at The Bookseller
[ The Bookseller | 2018-12-13 00:00:00 UTC ]
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