The E-Sylum:  Volume 8, Number 27, July 3, 2005, Article 1

THE FORMER KRAUSE PUBLICATIONS SOLD AGAIN

Russ Rulau writes: "On Wednesday, June 22, it was
announced that Providence Equity Partners had resold KP
(formerly Krause Publications) for an undisclosed sum to
ABRY Partners LLC, like PEP, another private equity firm.

ABRY since 1989 has acquired 450 media properties,
supposedly making it the largest media-focused private
firm in North America.

Stephen Kent, president of F+W Communications, the
PEP subsidiary which has owned KP since 2002, was
terminated June 22 and Rick Groth, a KP publisher in Iola,
was cut on June 24. Neither were numismatists.

For those who may not be aware, Chet Krause won his
suit before the U.S. Trademark & Copyright Commission
and KP may not use the Krause name on anything. His
other suit for wrongful dismissal on Oct. 20, 2002 remains
in litigation. The KP logo is the property now of ABRY.

The effects on the numismatic division, already downsized
since 2002, are unknown at this time. I remain a freelance
author and writer for KP unless notified otherwise."

  Wayne Homren, Editor

	coinbooks.org Web

The Numismatic Bibliomania Society is a non-profit organization 
promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum