F+W Media Gets Crafty with Acquisition of Interweave
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The parent company of Print and HOW magazines is stocking up on arts and crafts titles. F+W Media has acquired Interweave (Aspire Media) from private equity firms Frontenac Company, Catalyst Investors, Clay Hall, and several members of the Interweave management team. Terms of the deal, announced today by F+W, were not disclosed. The acquisition will add to the F+W stable of “enthusiast”-geared offerings magazines such as Quilting Arts, Beadwork, American Artist, and a dozen more consumer art and craft magazines, along with some 350 craft books, 33 websites, and 11 consumer events. Immediate plans for the company include boosting digital content, including the ebook and digital pattern business, and expanding the live and online education and event business.
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