Tom Michael of Active Interest Media / Krause Publications writes:
Attached is the first official press release regarding new ownership of the various Krause Publication magazine titles. Active Interest Media (AIM) now owns
and will continue to publish Numismatic News (NN), World Coin News (WCN), Bank Note Reporter (BNR) and Coins Magazine (CM). All
employees who stayed on are in the process of transferring over to AIM and everyone is working hard to never miss a deadline.
Though the Standard Catalog of World Coins and other numismatic books were purchased by Penguin Random House, AIM has retained our database of coin
and banknote information and Tracy Schmidt and I have stayed on to continue our work in building and refining the database for future projects and
We are excited to be working with a great company whose focus on enthusiast audiences matches so closely with our KP history.
We know it has been a confusing transition and so felt it was important to share with the hobby this wonderfully positive outcome.
A reworded version of the release appears as a Numismatic News article on their web site. Here's an excerpt. Gerry Tebben and others passed this
along. Thanks. -Editor
North America’s leading participant media company today announced the acquisition of four storied groups of enthusiast brands from F+W Media. “The
addition of Writer’s Digest, Popular Woodworking, Horticulture, and the Collectibles Group significantly extends our footprint in passionate markets that fit
Active Interest Media’s vision for future growth,” said President & CEO Andrew Clurman. “These groups bring a combined publishing history of more than 300
years and audiences that demonstrate incredible loyalty through their attendance at events, participation in online conversations, and high rates of membership
and subscription renewal.”
The brands will become part of AIM’s existing Home Group, a thriving operation based in Des Moines, Iowa, that includes leading woodworking and gardening
brands such as The Woodsmith and Garden Gate. “We were attracted to this acquisition by the obvious synergies between our audiences, content capabilities, and
consumer-focused products,” said Home Group President Peter Miller. “These brands have diversified from their print roots to include robust digital, event,
online education, and other business extensions, and there’s a lot both sides can learn from each other.”
The Collectibles Group
The Collectibles Community covers several categories including antiques, automotive, music, sports, coins (including Numismatic News, Bank Note
Reporter, World Coin News and Coins), and military. Across eleven brands, passionate consumers find news, industry trends, reviews, and
Collectibles’ most important area of distinction – its world-renowned valuations, which are the gold standard among insurers, auction houses, dealers, and
We are so pleased with the outcome and I know collectors will be relieved too!
I'm glad to hear the periodicals will continue to be published. What's still unclear is what Penguin Random House will do with the book titles it
acquired such as the whole Standard Catalog series. Will they license the pricing databases from AIM? Start over from scratch? Or what? -Editor
To read the complete article, see:
Active Interest Media Acquires Four F+W
Groups Including Numismatics (https://www.numismaticnews.net/article/active-interest-media-acquires-four-fw-groups-including-numismatics)
To read earlier E-Sylum articles, see:
F+W MEDIA ASSET SALES SCHEDULED (https://www.coinbooks.org/v22/esylum_v22n17a10.html)
F+W MEDIA ASSET SALES UPDATE (https://www.coinbooks.org/v22/esylum_v22n24a10.html)
F+W MEDIA ASSET SALES APPROVED (https://www.coinbooks.org/v22/esylum_v22n25a06.html)
Wayne Homren, Editor
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