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Message:: [QUOTE="kaosleeroy108, post: 26630843, member: 18877"]Here is a concise, factual summary of what happened to Krause Publications—the long-standing publisher best known for coin catalogs and hobby magazines: 1. Origins and Growth<ul> <li>Founded in 1952 by Chester L. “Chet” Krause in Wisconsin, originally publishing Numismatic News. </li> <li>Grew over decades into a major hobby media publisher with magazines, books, reference catalogs (including Standard Catalog of World Coins), and other products for coin, paper money, and collectibles enthusiasts. </li> </ul>2. Acquisition by F+W<ul> <li>In 2002, Krause Publications was acquired by F+W (then F&W Publications). It continued as an imprint under F+W, retaining its focus on hobbyist content. </li> </ul>3. Parent Company Bankruptcy<ul> <li>F+W Media filed for Chapter 11 bankruptcy in March 2019 because of declining print revenues, high debt, and unsuccessful digital/e-commerce strategies. </li> </ul>4. Sale of Assets and Brand SplitsWhen F+W’s assets were sold in 2019, the Krause business did not remain intact as a single independent company: <ul> <li>Penguin Random House acquired F+W’s book publishing assets and the Krause brand, which covers many of the reference books. </li> <li>Magazines and community publications previously under Krause (e.g., Numismatic News, World Coin News, Coins magazine) were acquired by Active Interest Media and other purchasers. </li> </ul>5. Current Status<ul> <li>Krause Publications now exists mainly as a Penguin Random House imprint focused on hobby book publishing. </li> <li>Many magazines and digital services originally under Krause are operated by other companies (e.g., Active Interest Media). </li> <li>Some products and periodic catalogs (particularly comprehensive coin price guides) have not continued on the same annual schedule as before, due in part to the transitions after the bankruptcy and asset sale. </li> </ul>SummaryKrause Publications did not “go out of business” in the sense of disappearing entirely. Instead, it was acquired by F+W in 2002, and when F+W collapsed in 2019, its assets—including Krause’s book and magazine operations—were sold to different buyers. The Krause brand survives under Penguin Random House for book publishing, but the original integrated company structure no longer exists as it once did.[/QUOTE]

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