F+W

American media company (1913–2019) From Wikipedia, the free encyclopedia

F+W (formerly F+W Publications and F+W Media) was a media and e-commerce company headquartered in New York City. Founded in 1913 in Cincinnati, F+W published magazines, books, digital products (including e-books and e-magazines), produced online video, offered online education, and owned and operated e-stores, as well as consumer and trade shows.[1][failed verification]

StatusDefunct (2019)
Founded1913 (1913)
FounderEdward Rosenthal
Defunct2019 Edit this on Wikidata
Quick facts Status, Founded ...
F+W
StatusDefunct (2019)
Founded1913 (1913)
FounderEdward Rosenthal
Defunct2019 Edit this on Wikidata
Country of originUnited States
Headquarters locationNew York City, New York
Publication typesMagazines, books
No. of employees700
Official websitewww.fwmedia.com Edit this at Wikidata
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History

F+W was named after two of its early publications: Farm Quarterly and Writer's Digest.[2] The company grew though a series of acquisitions, including book publisher David & Charles, Krause Publications in 2002,[3] Horticulture magazine, and Adams Media in 2003. The private equity firm ABRY Partners purchased F+W in 2005.[4] In August 2012 F+W Media acquired Interweave, an arts and crafts media company based in Loveland, Colorado.[5] In 2014, F+W Media acquired New Track Media,[6] renamed itself F+W,[7] and was acquired by the private equity company Tinicum.[8] David Nussbaum, CEO, departed the company to become the CEO of America’s Test Kitchen, a year after the acquisition.

In 2008, the company began to focus more on e-commerce activities and offering products and services related to the content of its magazines.[9] The e-commerce business grew from one store with $6 million in revenue in 2008 to 31 e-commerce stores with more than $65 million for 2015, when Tinicum purchased the company.[9] In May 2017, some creditors received a 97% stake in the company in exchange for debt relief and a new line of credit.[10][11]

Demise

In January 2018, with the CEO and two other top executives leaving the company,[12] F+W slashed its workforce by 40%.[11]

F+W filed for Chapter 11 bankruptcy protection on March 10, 2019.[13] The book publishing assets of the company were won by Penguin Random House at a bankruptcy auction in June 2019.[14] The grouping of the assets drew criticism.[15] Several properties including Sky & Telescope were sold individually.[16]

Overview

F+W Media was a special interest content provider and marketer of enthusiast magazines, books, conferences, trade shows, and interactive media properties.

F+W's special-interest categories included art, crafts, mixed media, writing, genealogy, antiques and collectibles, graphic design, hunting.[1][failed verification] In 2011 the Company entered the fiction market with the acquisition of Tyrus Books.[17] In 2012, the company launched imprints in romance (Crimson Romance)[18] and young adult fiction (Merit Press).[19]

Publications were organized around some 20 community-based units, each of which focuses on a particular special interest category. The company also published about 600 new book titles annually, and had a library of some 4000 titles.

Its brands were David & Charles, Impact Books, Krause Publications, North Light Books, Writer's Digest and Interweave Press.[20]

Situation after dissolution

In June 2019, the assets of F+W were sold at bankruptcy auctions.[16]

More information Assets, New owner ...
Ownership structure after dissolution of F+W[21]
Assets New owner
F+W Books Became an imprint of Penguin Random House's Penguin Publishing Group division[14][22]
F&W Media International Became David & Charles again in a management buyout[23]
Crafts segment including the magazines:
Peak Media Properties[24][25]
  • Handwoven
  • PieceWork
  • Spin Off
Long Thread Media[26]
Fine Arts segment including the magazines: Peak Media Properties[24][27]
Construction Trade segment including the magazines:
  • Frame Building News
  • Metal Roofing
  • Rural Builder
Shield Wall Media[28]
Family Tree Yankee Publishing[29]
Active Interest Media[29]
Collectibles segment consisting of the magazines:
Active Interest Media[21]
Sky & Telescope American Astronomical Society[21]
Outdoors segment including the magazines:
  • Deer & Deer Hunting
  • Trapper & Predator Caller
  • Turkey & Turkey Hunting
Media 360[30][31]
Print Print Holdings LLC
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Various assets of F+W were sold prior to the bankruptcy filing.[32]

More information Date, Magazine ...
Magazines sold prior to bankruptcy filing
Date Magazine New owner
Oct 2015World Tea NewsPenton[33]
Oct 2016[34]Gun DigestCaribou Media Group[35]
Jun 2018BladeCaribou Media Group[35]
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References

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