FW Media is a large corporation that owns 42 Brands. Many quilting, sewing and embroidery enthusiasts will recognize the following:
- The Quilting Company
- McCalls Quilting
- Quilting Arts
- Love of Quilting
- Sew News
- Fons & Porter
Sadly, FW Media has filed for bankruptcy. Their goal is to continue to operate while trying to sell off its assets by May/June. Proceeds of the sales will help pay off debtors, but the company will no longer exist.
A complete list of creditors, many of whom include designers who have yet to be paid for the work that they submitted (and most likely already published). Click here to view this list.
For subscribers, it is unclear (but doubtful) tht future magazine issues will be published.
QuiltShopGal remains hopeful that FW Media will find a way to survive and continue to publish quilting magazines (and other creative magazines) and more, in the future. If not, I hope that a buyer of these magazines will be found and they will continue to be published in the future. At a minimum, I hope the talented designers who created unique designs and wrote patterns for these magazines will be paid. Many depend on these funds as a source of income.
For more info on this bankruptcy, you may want to read:
QuiltShopGal also wants to recognize Bea Lee of Beaquilter for calling my attention to this story.