F+W Media Files Chapter 11, Will Sell Assets - Publishers Weekly

This is not good news.

Panzer was shaken awake from his afternoon nap by crying and shouting coming from the Catosphere. Hopping in to the Panzermobile our brave kitty headed out to see what had happened. Following all the noise took him to the Publishers Weekly site. With no digging at all he found a post about F+W Media.

According to Jim Milliot, F+W Media has filed Chapter 11 bankruptcy. To pay off creditors the company plans to form two sections. One will be its publishing section and the other will be its communities section. Each section will be sold separately, The company believes by doing this it can raise enough money to pay its creditors.

Panzer says,  "But what will happen to Writer's Digest magazine and the Writer's Market? And what about the quilting and beading communities Mom visits?"

Note: This is a long-medium length post. Bring a cup of tea and a muffin and a chocolate chip cookie (biscuit) for today's reading selection.

To read the post tootle over to F+W Media