F+W Dismisses Top Execs Amid Layoffs

In a dramatic changing of the guard at the niche magazine publisher, F+W Media has dismissed its CEO, COO, and CTO, Folio: has learned.

The company’s board of directors revealed Monday its decision to part ways with CEO Tom Beusse, COO Joe Seibert, and CTO Joe Romello, installing Greg Osberg, CEO of media consulting firm Revlyst, as F+W’s interim CEO while a replacement is sought.

The dismissals come as the New York-based publisher moves to lay off about 40 staffers from its Iola, Wisconsin office, following an earlier round of cuts in December.

In a brief phone call with Folio:, interim CEO Greg Osberg described the circumstances around the changes and his consultative role with the company.

After determining that a change was needed, Osberg tells Folio:, ownership decided to bring him on—as well as a team of consultants from business advisory firm FTI Consulting—in a move that’s less an indictment of existing management’s strategic plan, but rather indicative of a desire to expedite the company’s necessary transformation.

“They were not necessarily in disagreement with the strategy that had been laid out, but they wanted to see a little more rapid deployment and transformation around that strategy,” Osberg says. “The actions of the owners by hiring FTI and an entire team of former operators to come in and help the company should be taken as a very good sign.”
more at:  http://www.foliomag.com/fw-dismisses-top-execs-amid-layoffs/

Related Posts

End of an era: American Airlines is retiring its in-flight magazine (usatoday.com)

In the first issue of American Airlines' in-flight magazine, flight attendants were called stewardesses and business travelers were pitched family fares offering half-price tickets for "your wife.'' It was 1966. The cover story in the latest issue of American Way: LGBTQ neighborhoods across the country. The changes in the seatback pocket staple reflect how times have changed in the past 50 years. But perhaps no sign of the times is more telling than this: the June issue of American Way will be the airline's last. American is ceasing publication of what it calls the industry's longest continually published in-flight magazine, joining Delta and Southwest, which stopped publishing their magazines during the pandemic and decided against bringing them back.

Savvas Learning Company Partners with Brainingcamp to Make Learning Math More Interactive and Engaging

Savvas Learning Company, a next-generation K-12 learning solutions leader, announced today that it is partnering with Brainingcamp to provide easy-to-use digital manipulatives that make math learning even more visual and interactive, enabling students to build deep understanding of mathematical concepts. Savvas will offer Brainingcamp’s high-quality, digital math manipulatives with its newest K-8 math programs: the award-winning enVision Mathematics © 2024 and the brand-new, student-centered Experience Math © 2025. Manipulatives, traditionally physical objects used in classrooms, provide an active, hands-on approach to learning that have been proven to help promote students’ engagement and increase their conceptual understanding of math. Complementing physical manipulatives, digital manipulatives make use of expanding technology in classrooms, allowing students to explore concepts more deeply through additional functionality and animation as well as more readily collaborate through screen sharing, onscreen writing, and text tools.

Walgreens Boots Alliance Reports Fiscal 2023 Third Quarter Results

WBA third quarter sales increased 8.6 percent from the year-ago quarter to $35.4 billion, an increase of 8.9 percent on a constant currency basis, reflecting sales growth in the U.S. Retail Pharmacy and International segments, and a significant contribution from the U.S. Healthcare segment. Operating loss was $0.5 billion in the third quarter compared to a loss of $0.3 billion in the year-ago quarter. Operating loss in the quarter reflects a $431 million non-cash impairment of pharmacy license intangible assets in Boots UK. Net earnings in the third quarter was $118 million compared to net earnings of $289 million in the year-ago quarter, primarily driven by lower operating income.
Back To Top
×Close search
Search