F+W
F+W
| Status | Defunct (2019) |
|---|---|
| Founded | 1913 |
| Founder | Edward Rosenthal |
| Country of origin | United States |
| Headquarters location | New York City, New York |
| Publication types | Magazines, books |
| No.of employees | 700 |
| Official website | www.fwmedia.com [36] |
F+W, formerly F+W Publications and F+W Media, was a media and e-commerce company headquartered in New York City.
| Status | Defunct (2019) |
|---|---|
| Founded | 1913 |
| Founder | Edward Rosenthal |
| Country of origin | United States |
| Headquarters location | New York City, New York |
| Publication types | Magazines, books |
| No.of employees | 700 |
| Official website | www.fwmedia.com [36] |
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]
Under a new CEO, the company underwent a major strategic shift in 2008, responding to falling print revenues by focusing 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.[9] The e-commerce "growth," however, was linked to controversy.[10] Originally a company founded and based in Cincinnati, Ohio, the new CEO felt it necessary to relocate the headquarters to New York, New York, in order to attract more business with the new address.
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] 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 F&W Media International, Impact Books, Krause Publications, North Light Books, Writer's Digest and Interweave Press.
Situation after dissolution
In June 2019 the assets of F+W were sold at bankruptcy auctions.[16]
| Assets | New owner |
|---|---|
| F+W Books | Became an imprint of Penguin Random House's Penguin Publishing Group division[14][21] |
| F&W Media International | Became David & Charles again in a management buyout[22] |
Crafts segment including the magazines:
| Peak Media Properties[23][24] |
| Long Thread Media[25] |
Fine Arts segment including the magazines:
| Peak Media Properties[23][26] |
Construction Trade segment including the magazines:
| Shield Wall Media[27] |
| Family Tree | Yankee Publishing[28] |
| Active Interest Media[28] |
Collectibles segment consisting of the magazines:
| Active Interest Media[20] |
| Sky & Telescope | American Astronomical Society[20] |
Outdoors segment including the magazines:
| Media 360[29][30] |
Various assets of F+W were sold prior to the bankruptcy filing.[31]