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Popular Woodworking - Stwood_ - 03-11-2019
May be headed down the tube.
https://blog.lostartpress.com/2019/03/11/an-alternate-ending-for-fw-media/
RE: Popular Woodworking - AgGEM - 03-11-2019
….And cockroaches. He forgot the lowly cockroach. There is future there too.
RE: Popular Woodworking - GNP - 03-11-2019
Have watched my favorite magazine slowly sink lower and lower. Its sad to see bad management ruin a company.
RE: Popular Woodworking - Don_M - 03-12-2019
(03-11-2019, 06:03 PM)Stwood_ Wrote: May be headed down the tube.
https://blog.lostartpress.com/2019/03/11/an-alternate-ending-for-fw-media/
That is sad to hear. They actually published an article I wrote on a dovetailing technique using a simple fixed dovetail jig (Dec. 2007, Issue #166). Glad I purchased a few extra copies.
RE: Popular Woodworking - Cian - 03-12-2019
Sad................................
RE: Popular Woodworking - AHill - 03-12-2019
Sad that investors with no clue and no desire to sustain a viable magazine would only think about themselves and what profit they could squeeze out of the company. I hope someone with more altruistic goals will step in and revive the magazine. As Schwarz stated in the linked blog, there's still a healthy appetite for tangible things. Woodworking is a tangible craft.
RE: Popular Woodworking - mvflaim - 03-12-2019
(03-11-2019, 06:03 PM)Stwood_ Wrote: May be headed down the tube.
https://blog.lostartpress.com/2019/03/11/an-alternate-ending-for-fw-media/
So, help me out. What's the difference between Chapter 13, 11, and 7? I know 13 is reorganization of debt and 7 is complete liquidation. Is 11 trying to find a buyer before they close the doors?
Mike
RE: Popular Woodworking - Admiral - 03-12-2019
(03-12-2019, 07:22 AM)mvflaim Wrote: So, help me out. What's the difference between Chapter 13, 11, and 7? I know 13 is reorganization of debt and 7 is complete liquidation. Is 11 trying to find a buyer before they close the doors?
Mike
Chapter 13 is for individuals, not applicable here. Chapter 7 is a court administered (through a trustee) total liquidation. Chapter 11 is a reorganization proceeding, where debts are generally adjusted; in some cases this can result in what is called a "Section 363 sale" where all or portions of the business are sold to the highest bidder, or it can be converted to a Chapter 7 liquidation, or a Plan of Reorganization can be worked out, voted on by the creditors, and implemented - generally that means the creditors take a haircut. That's the basics, but in Chapter 11 there are many, many variations on the theme. Its a big Monty Hall "lets make a deal" circus. Generally, the winners are the lawyers and the banks who provide interim Debtor in Possession financing to the business.
RE: Popular Woodworking - Timberwolf - 03-12-2019
(03-11-2019, 06:03 PM)Stwood_ Wrote: May be headed down the tube....................
https://blog.lostartpress.com/2019/03/11/an-alternate-ending-for-fw-media/
PW hasn't been "Popular" for a long time.....with me anyway....
RE: Popular Woodworking - MarkSingleton - 03-12-2019
Not surprised at all, unfortunately.
Right about the time of the "logo" change on the front cover,
I remember saying out loud to myself that this magazine is not
going to last. It had been on the down swing with the departure
of Chris, then "the three" and then of course Megan.
Sad. But, nothing lasts forever.