Parent company of Writer’s Digest files for bankruptcy
The company that owns Writer’s Digest magazine has filed for bankruptcy.
The Digital Reader shared Forbes’s report that F+W Media owes between $100 million and $500 million to an estimated 1,000 to 5,000 creditors, while its assets were estimated at $50 million to $100 million.
You can read Nate Hoffelder’s take on what this means on The Digital Reader (and don’t skip the comments) and also the original article on Forbes.