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Breaking: F+W Media to Acquire Interweave Parent Company

July 31, 2012 by Sarah White

fw mediaI just saw on Twitter news first reported by Publishers Weekly and confirmed via a press release from F+W Media that the company, which publishes craft titles under imprints such as North Light Books, Krause Books and Memory Makers Books, has acquired craft publisher Interweave Press’ parent company, Aspire Media LLC.

Terms of the deal were not disclosed, though F+W CEO Daivd Nussbaum said the deal will add 30 percent to the company’s revenue.

Interweave was founded in 1975 in Loveland, Colo., and was acquired by Aspire Media in 2005. That company is backed by private equity firms Frontenac Company and Catalyst Investors. Clay Hall has served as CEO since that time, and he and CFO Troy Wells will leave the company after the sale.

Interweave owns and operates 15 consumer art and craft magazines and has more than 30 special newsstand publications, has published 350 craft books, hosts 33 websites and 10 online communities, has 10 e-commerce stores, puts on 11 consumer events and also produces video workshops and three craft television programs that air on public television, according to the press release.

F+W Media itself has 20 ecommerce sites geared to different craft genres, and says its customer database will become the biggest in the industry with the acquisition. In addition to craft titles the company publishes a wide array of do-it-yourself titles, including imprints such as Adams Media and Writers’ Digest Books.

No one knows yet what this will mean for Interweave, any of the staff other than those at the top, or the publications or events put on by the company. The press release does indicate increased production of digital products in the near future: “Immediate plans for the Company include: an increased number of digital magazine/content launches through the popular Interweave digital newsstand; an expansion of the e-commerce, ebook, and digital pattern business; and an expansion of the live and online education and event business.”

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Comments

  1. Hilani-Handmade by Hilani says

    July 31, 2012 at 11:32 am

    Interesting article, thanks for the update!

Have you read?

Make Your Knitting Machine Scarves Better

I feel like it’s been a while since I’ve shared any patterns for our circular knitting machine users. I know these devices aren’t for everyone but even though I much prefer knitting by hand, it is kind of fun to crank things out on these machines.

One of the most common early projects for a circular knitting machine is a scarf. Which makes sense, because it’s just one long tube and you can make it as long as you like.

One problem that comes from knitting scarves on the circular knitting machine, though, is that it can be hard to know how to finish the ends of the tube so that it looks like a finished scarf and not a tube of knitting.

If you’re not a knitter or crocheter, the most basic way to finish a circular knitting machine scarf is just by cinching up the ends and maybe adding a pompom to each end to cover up any hole that might still be visible at the end.

But if you have a little knitting or crochet skill or are willing to learn, there are a lot of different options for closing up the ends of a scarf. And this would also be true if you hand knit a tube scarf!

I recently wrote a post over at Our Daily Craft that includes five different ways to close up the ends of a tube scarf:

  • the simple cinching method mentioned above
  • sewing the stitches together
  • three needle bind off
  • grafting
  • crochet bind off

Grafting is my favorite because I feel like it gives the cleanest, closest to a seamless look. If you’re a knitter you may already know how to do it but even if you don’t it’s not that hard to learn.

Do you knit tube scarves by hand or machine? I’d love to know how you like to finish them!

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