UPDATE: Randall-Reilly Folds Modern Woodworking
Trucking and construction publisher to focus on core products.
After publishing the magazine for a decade, Randall-Reilly Publishing has folded Modern Woodworking. The October issue will be its last.
According to the Tuscaloosa, Alabama-based trucking and construction publisherâ€™s CEO Mike Reilly, the decision to shutter Modern Woodworking was based on an effort to focus on the publisherâ€™s core products. â€śWe have published Modern Woodworking for 10 years during which time it moved from the number four book in the market to the number two book,â€ť Reilly said in a statement e-mailed to FOLIO:. â€śBut from a strategic perspective we must focus our resources on the trucking and construction markets that comprise our core business platform.â€ť
As recently as late September, Reilly told FOLIO: that â€śno such decision" had been made to shutter Modern Woodworking.
UPDATE: Randall-Reilly said Monday that it is negotiating a sale of Modern Woodworking to a "strategic buyer." Executive vice president Brent Reilly declined to tell FOLIO: who the potential might be or when a sale is expected to close.
The monthly trade title, which launched 23 years ago, carried a 35,200 circulation, according to the publisherâ€™s Web site. Several of the magazineâ€™s executives will remain with Randall-Reilly, the company said, including editor Jeff Crissey, executive editor Brooke Wisdom and account executives Matt Ochocki and Kendall Crawford. Publisher Chip Wisdom plans to retire.
Earlier this summer, Watt Publishing merged Cabinetmaker and FDM. In July, Cygnus Business Media closed a number of titles, including Wood Digest. At the time, Cygnus received at least one offer to purchase Wood Digest and Surface Fabrication magazines.
Despite the falloff in the woodworking market, a number of consumer and trade titles continue to serve it, including Fine WoodWorking and Woodshop News.
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