The owner of Krause Publications may lay off 66 people and shutter its Stevens Point office if they can't find a buyer in the next few months.

The notice from F+W Media, based in New York, to the Wisconsin Department of Workforce Development on April 1 comes as the company looks to sell off thevarious media properties it owns owns amid a Chapter 11 bankruptcy it filed in March. The potential layoff targets employees at Krause Publications, formerlyof Iola.

Krause Publications relocated to office space on Joerns Drive in Stevens Point last spring after the Iola Car Show acquired its historic building, accordingto Krause's Numismatic News and Old Cars Weekly.

F+W laid off 41 people in January 2018. The layoffs were a part of F+W's 2017 out-of-court reorganization deal with lenders to forgive the company'sdebt for a $15 million cash infusion and control of the company.

This month's notice from Gregory Osberg, CEO of F+W Media, says employees could still lose their jobs if the company finds a buyer. The bulk of the jobsin Stevens Point include editing, graphic design, design and advertising positions.

The company acquired Krause Publications in 2002.

To read the complete article, see:
F+W Media maylay off 66 people, close Krause Publications' Stevens Point office(https://www.stevenspointjournal.com/story/news/2019/04/05/krause-publications-stevens-point-may-close-f-w-media-may-lay-off/3368539002/)

To read about another longtime publisher going under, see:
Johnson PublishingCompany, the ex-publisher of Ebony and Jet magazines, files for bankruptcy(https://www.washingtonpost.com/business/2019/04/10/johnson-publishing-company-which-produced-ebony-jet-magazines-files-bankruptcy/)

To read an earlier E-Sylum article, see:
KRAUSE PUBLICATIONS PARENT FILES FOR BANKRUPTCY(https://www.coinbooks.org/v22/esylum_v22n11a07.html)