F+W Media Files For Bankruptcy

Numismatic News Cover

Today we learned via Forbes that F+W Media, who publishes Numismatic News, files for bankruptcy protection.

Forbes contributor, Tony Silber, reports:

F+W Media, facing near-term liquidity issues with only about $2.5 million in cash available and $105.2 million in outstanding debt, yesterday filed for protection under Chapter 11 of the federal bankruptcy code, citing in various documents a perfect storm of secular industry decline, poor investments, and even mismanagement.

You can read the complete article by Silber in Forbes.

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