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Publisher F+W Media Files for Bankruptcy Protection

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interweave parent files for bankruptcyF+W Media, the publisher of many craft and hobby related publications, including Interweave books and magazines, filed for bankruptcy protection, citing changes in the industry and mismanagement for their financial problems.

The company has said it plans to sell off parts of the company in order to pay its creditors, including its communities group and its books division.

There is no word yet on whether any of the company’s magazines will cease publication, though it was reported that subscriptions across its properties have dropped from 33.4 million in 2015 to 21.5 million in 2018 (and ad revenue dropped from $20.7 million to $13.7 million in the same time period).

And while a lot of the crafting community has moved online, that hasn’t been a successful proposition for F+W (which also publishes titles like Writers’ Digest and Popular Woodworking). In just the crafts sector, the company spent $6 million in its online efforts and only generated $3 million in revenue.

It will be interesting to see what happens. Of course we always hope for the best for crafting publications and the industry as a whole, but as things continue to change companies will have to evolve in ways that are profitable and effective and inspiring for crafters.

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Comments

  1. I’m still getting several emails a week encouraging me to subscribe to their magazines– Beadwork, Interweave Crochet, and several for which I have no interest in the crafts they feature. And they all require I be on an “automatic renewal” plan….

Have you read?

Summer T-Shirt Knitting Patterns

Knitters are always looking for ways to continue to knit and to wear their knits even when it’s hot outside, so there are tots of great T0shirt knitting patterns to choose from. I love knitting short-sleeved shirts because they feel so much faster than sweaters, and you can wear them on top of dresses or even longer-sleeved items when it gets cooler.

There are lots of different styles of knit tops, from the basic to the more detailed. On the more basic side are things like the Perfect T-Shirt from Originally Lovely, a basic raglan tee with nine sizes and worked in worsted weight yarn; Paper Bloom by Yvonne Hugo (free on Ravelry), available in six sizes and worked with cotton and silk yarn for extra coolness; or Iris H’s Amelia Top, also on Ravelry, a slim fit, DK weight top with nine size.

Jazz it up with a bit of lace like on the Athens Lace Hem top by Sarah Hatton (Ravelry). This otherwise simple project has a bit of lace at the bottom, which is an easy way to make a project more interesting without a ton of work. This one uses fingering weight yarn and comes in nine sizes.

Another simple embellishment is to emphasize the lines of your top with different stitches. The Spring Lines top uses twisted ribbing at the center front and V-neck and along the raglan lines to give it a slimmer fit and more interest. This design from Turquoise Toque Designs has 11 size options and is available on Ravelry.

Silfurberg by Joji Locatelli uses both of these elements, with lace panels at the center front and back and purl ridges throughout to make it a little more fun to knit and to wear. The pattern uses fingering weight yarn and comes in 10 sizes. Learn more on Ravelry.

Keep it simple or add puffed sleeves (and/or long sleeves) to the slim fit Knitty Committee top by Lily Kate France. This one has two length options, waist shaping and optional bust darts to fulfill all your curvy top dreams, and it comes in nine sizes. You’ll find it on Ravelry.

Take it even more romantic with the Daphne Top from Friday Knits, which has puffed sleeves and applied I-cord to emphasize the bust and sweetheart neckline. It comes in eight sizes and uses DK weight yarn.

Or add some sweet flowers with the Gigio pattern from Emilie Luis. This pretty pattern found on Ravelry has cable panels running up the front with the option for adding sweet embroidered flowers. You can also add decorative buttons if you like. It comes in 11 sizes and calls for sport weight yarn.