Posted on 03/12/2019 at 10:05 AM by Sadye Scott-Hainchek

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.

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