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 ]
News tagged with: #writing community #associate publisher #meredith corp #penguin random house #magazine publisher

Other Publishing stories related to: 'F+W Media Reveals Winning Bidders at Bankruptcy Auction'


Harvill Secker wins 'remarkable' debut after 'intense' five-way auction

Harvill Secker has won debut novelist Rosie Price’s literary novel, What Red Was, in an "intense" five-way auction. Continue reading at The Bookseller

[ The Bookseller | 2018-04-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #harvill secker


HarperCollins wins six-way auction for 'powerful' book on racism in sport

HarperCollins Publishers has acquired world rights to a book about sport and race from former journalist Derek A Bardowell following a six-way auction. Continue reading at The Bookseller

[ The Bookseller | 2018-04-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #harpercollins publishers


Telegraph Media Group reveals 35% gender pay gap

Pay gap is the biggest of any UK media organisation to have reported official figures to dateWomen working at Telegraph Media Group (TMG) get paid 35% less than men on average, the biggest gender pay gap of any UK newspaper publisher or broadcaster to have reported official figures to date.Nick... Continue reading at The Guardian

[ The Guardian | 2018-03-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #vacant positions #top jobs #senior staff #ve spent


Granta wins history of deified men after five-way auction

Granta Books has won a five-way auction for Accidental Gods, a history of men deified against their will – from Haile Selassie to Prince Philip, to Captain Cook, Columbus and the conquest of the New World. Continue reading at The Bookseller

[ The Bookseller | 2018-03-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #granta books


Bluebird wins auction for Pope's 'timely' next book

Pan Macmillan imprint Bluebird has signed a "revealing" new book on politics and society by His Holiness Pope Francis. Continue reading at The Bookseller

[ The Bookseller | 2018-03-14 00:00:00 UTC ]
More news stories like this |


Picador wins 14-way auction for 'heart-stopping' debut

Picador has triumphed in a 14-way auction for a "heart-stopping and gripping" debut novel set in the Pre-Raphaelite circle of Victorian London. Continue reading at The Bookseller

[ The Bookseller | 2018-03-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #victorian london


Hodder wins auction for Zoella's first non-fiction

Zoe Sugg, known as YouTube personality Zoella, has moved to Hodder & Stoughton for her first non-fiction book after the publisher won rights at auction. Continue reading at The Bookseller

[ The Bookseller | 2018-02-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #non-fiction book #zoe sugg #hodder stoughton


Michael Joseph wins auction for bestselling 'Irish Bridget Jones'

Michael Joseph has acquired Oh My God, What a Complete Aisling, the debut novel from long-time friends Emer McLysaght and Sarah Breen that claimed Ireland's Christmas number-one spot for adult fiction last year.  Continue reading at The Bookseller

[ The Bookseller | 2018-02-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #michael joseph #complete aisling #sarah breen


Usborne wins six-way auction for Bell's debut in 'significant' deal

Usborne has acquired three books by debut author P G Bell in what has been described as the publisher's “most significant acquisition to date”. Continue reading at The Bookseller

[ The Bookseller | 2018-01-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #debut author #significant acquisition


4th Estate wins seven-way auction for Silicon Valley story

4th Estate’s Anna Kelly has won a seven-way auction to publish a debut non-fiction book about the perils of digital start-ups. Continue reading at The Bookseller

[ The Bookseller | 2018-01-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #4th estate #digital start-ups


Hodder wins American publisher Grames' debut after auction

Hodder and Stoughton has acquired the debut of Juliet Grames, a publisher at Soho Press in New York. Continue reading at The Bookseller

[ The Bookseller | 2018-01-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #juliet grames


It’s All About Data: How Magazine Media Wins the Digital Advertising Challenge

In an ever-competitive landscape, user IDs and cross-platform tracking are the true measures of your brand’s worth. The post It’s All About Data: How Magazine Media Wins the Digital Advertising Challenge appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2018-01-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #user ids


Cassava wins 'atmospheric' Iran novel at auction

Cassava Republic is to publish an "atmospheric historical debut novel" from 27-year-old Victoria Princewill, entitled In the Palace of Flowers. Continue reading at The Bookseller

[ The Bookseller | 2017-11-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #cassava republic


Bonnier Zaffre wins Bartlett's 'page-turning' debut after nine-way auction

Nine publishers fought over a debut book by Fabulous magazine’s deputy chief sub Stacey Bartlett before Bonnier Zaffre triumphed as the winner at auction. Continue reading at The Bookseller

[ The Bookseller | 2017-11-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #deputy chief


W&N wins US debut 'Cape May' at auction

Weidenfeld & Nicolson has won a debut American novel at auction, about a young couple on their honeymoon in 1957, pitched as reminiscent of Ian McEwan’s On Chesil Beach. Continue reading at The Bookseller

[ The Bookseller | 2017-11-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #weidenfeld nicolson #young couple #ian mcewan


Sceptre wins 25 year-old's literary debut in four-way auction

Sceptre has acquired British literary debut Saltwater, a "tenderly evocative and poetic" novel by 25-year old Jessica Andrews, in a four-way auction. Continue reading at The Bookseller

[ The Bookseller | 2017-10-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #literary debut


Hodder wins 'action-packed' Hollow Crown at auction

Hodder has won a new young adult fantasy duology at auction, the Hollow Crown series, from author Zoraida Córdova in collaboration with Glasstown Entertainment. Continue reading at The Bookseller

[ The Bookseller | 2017-08-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hodder wins


Quercus wins three-way auction for Icelandic crime

Quercus’ upmarket imprint riverrun has acquired a true crime book about “bizarre Icelandic disappearances” by a BBC producer following a three-way auction. Continue reading at The Bookseller

[ The Bookseller | 2017-08-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bbc producer


Bloomsbury wins five-way auction for 'powerful elegy'

Bloomsbury has acquired a “devastating and emotionally incisive” novel and one other book by David Chariandy in a “heated” five-way auction. Continue reading at The Bookseller

[ The Bookseller | 2017-08-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #heated five-