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Press Release

CONTACT: Jaime Guthals, Publicist
502.458.6531, email JaimeG@interweave.com

Interweave Acquires Fiberarts magazine

LOVELAND, Colorado and ASHEVILLE, North Carolina, Feb. 9, 2004: Interweave (www.interweave.com) announced today that it has completed its acquisition of FIBERARTS, the world's leading textile-art magazine, from Sterling Publishing Company.

"We believe this acquisition strengthens our role as the foremost publisher of magazines and books about textile and fiber-related arts and crafts," said Interweave Chief Executive Officer Linda Ligon. "Investments like this are an important part of our long-term growth strategy."

"The purchase of FIBERARTS will help us reach a new audience of fiber artists and enthusiasts, exposing them to our book publishing program and our family of other well-known fiber-related titles such as Spin-Off, Handwoven, Piecework, and Interweave Knits," said Interweave Publisher and President Marilyn Murphy. "Additionally, we look forward to integrating FIBERARTS with our current stable of magazines to offer our advertising clients even greater reach and value."

Murphy noted that FIBERARTS began publication in 1975, the same month that Interweave published its first magazine, Handwoven. "We've been friends ever since. We believe in the vision of the magazine and know that we can make it as strong as ever."

FIBERARTS founder and Publisher Rob Pulleyn agrees that the move is mutually beneficial. "When FIBERARTS and Lark Books were purchased by Sterling Publishing Company five years ago, FIBERARTS became part of a company that understood and supported the magazine. With Sterling's surprise sale to Barnes and Noble last year, the magazine obviously was out of place in the context of the world's largest bookstore chain. With no prodding from them, it became obvious to me that, to maintain its focus and mission, FIBERARTS needed a home that was simpatico with the readers and understood the magazine."

Interweave will move the magazine's operations to their offices in Loveland, Colorado. FIBERARTS' current editor, Sunita Patterson, will continue as editor of the magazine and will work out of her home in Asheville, North Carolina. The new publisher, Marilyn Murphy, was the founder of The Textile Arts Centre, a non-profit educational and exhibition center in Chicago, and has been a loyal subscriber to FIBERARTS for many years. Interweave will begin publication with the Summer 2004 issue.

 

ABOUT Interweave

In business since 1975, Interweavepublishes magazines and books related to fiber, thread, needlework, beads, and natural living. Throughout Interweave's evolution, its publications have focused on natural materials and processes, a respect for "doing," and an appreciation of the fine, simple things in life. Interweave is publisher of seven magazines, Spin-Off, Handwoven, Interweave Knits, Beadwork, Natural Home, Piecework-and its newest publication, Fiberarts.

 

ABOUT FIBERARTS

As the world's leading textile-art magazine, FIBERARTS documents trends, explores issues and developments in the field, and promotes contemporary fiber art and artists. The textile community of professional and emerging artists, appreciators, curators, collectors, gallery and store owners, count on FIBERARTS for inspiration, information, and resources on an innovative, rather than traditional, approach to wearable art, quilting, tapestry and wall hangings, beadwork, surface design, papermaking, needlework, basketry, and sculpture. The magazine is published five times a year.

SOURCE: Interweave

CONTACT: Jaime Guthals, Publicist, 502.458.6531, Cell 502.387.2383, email JaimeG@interweave.com URL: http://www.interweave.com; http://www.fiberarts.com



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