Gregory J. Osberg, CEO of F+W Media, has announced today (June 7) that Penguin Random House's bid to acquire the book-publishing assets of F+WBooks has been selected as the winning bid following the sale process in the company's chapter 11 case.

In a statement issued by Penguin Random House to the news media, we read, "Penguin Random House has acquired the book-publishing assets in theUnited States and the United Kingdom of F+W Books, a division of F+W Media, in an auction held Thursday (June 6) by the U.S. Bankruptcy Court for theDistrict of Delaware.

"F+W's new titles and its backlist of more than 2,000 illustrated nonfiction books across a broad range of categories and brands will be publishedwithin Penguin Random House's Penguin Publishing Group division."

To read the complete article, see:
Penguin Random House Buys F+W Media's Booksat Auction (https://publishingperspectives.com/2019/06/penguin-random-house-wins-bid-to-buy-fw-medias-list/)

To read the F+W bankruptcy legal docket, see:
F+W Media, Inc. Case # 19-10479 (https://dm.epiq11.com/case/FWM/info)

To read an earlier E-Sylum article, see:
F+W MEDIA ASSET SALES SCHEDULED(https://www.coinbooks.org/v22/esylum_v22n17a10.html)