Numismatic News sold for less than $350K

Discussion in 'Coin Chat' started by calcol, Jun 22, 2019.

  1. calcol

    calcol Supporter! Supporter

    According to the Jul 8 edition of Coin World, Numismatic News and 5 other F+W publications, including Bank Note Reporter, were sold to Cruz Bay Publishing for $350K. Cruz Bay is a subsidiary of Active Interest Media. They publish a variety of hobbyist and special interest publications like Yachts International, American Cowboy, Log Home Living, Yoga Journal and many more. Hopefully, they can revitalize NN.

    Cal
     
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  3. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    We have an ongoing thread on this at another board (I just haven't bothered to post it here)...

    Cruz Bay bought a lot of the F+W properties but none of the backend stuff (to make this work, you need to have your own subscription systems, fulfillment, etc.)

    If you want the gory details, the APA (Asset Purchase Agreement) will be here https://dm.epiq11.com/case/FWM/dockets - you want Docket # 322 and the APA when it is posted.
     
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