Penguin Random House Buys F+W Media’s Books at Auction

Gregory J. Osberg, CEO of F+W Media, has announced today (June 7) that Penguin Random House’s bid to acquire the book-publishing assets of F+W Books has been selected as the winning bid following the sale process in the company’s chapter 11 case.

The bankruptcy court is expected to approve the bid at a sale hearing scheduled for Monday (June 10). The sale is expected to close before the end of the month.

In a statement issued by Penguin Random House to the news media, we read, “Penguin Random House has acquired the book-publishing assets in the United States and the United Kingdom of F+W Books, a division of F+W Media, in an auction held Thursday (June 6) by the U.S. Bankruptcy Court for the District of Delaware.

“F+W’s new titles and its backlist of more than 2,000 illustrated nonfiction books across a broad range of categories and brands will be published within Penguin Random House’s Penguin Publishing Group division.”
more detail at source: https://publishingperspectives.com/2019/06/penguin-random-house-wins-bid-to-buy-fw-medias-list/

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