F+W Craft Communities Have Been Auctioned Off to Macanta Investments
In a bankruptcy auction that took place today Macanta Investments, a private investment partnership based in New York City, was the successful bidder for the largest portion of the Crafts Community with a bid of $2,850,000.
The board of directors of F+W Media has ousted the company’s top leadership. A letter to staff sent out this morning stated that CEO Tom Beusse, COO Joe Siebert, and CTO Joe Romello are no longer with the company. The board has appointed Greg Osberg as interim CEO.