New Track Media Acquires Quilting Publisher (posted 10/10)
New Track Media LLC has completed the acquisition of Fons & Porter, a publisher of quilting periodicals and the producer of the Fons & Porter television program carried on most PBS stations across the country, New Track announced today in a news release. The core of the business, Fons & Porter’s Love of Quilting, is the country’s largest magazine for quilting enthusiasts. Terms of the transaction were not disclosed.
Marianne Fons and Liz Porter will continue to be involved with Fons & Porter under its new ownership, and publisher Dean Pieters will serve as a consultant during the transition. Continuing employment has been offered to all Fons & Porter employees, and there are no plans to move the business from its Winterset, Iowa location, according to the statement
The Fons & Porter business grew out of the quilting magazine, which was started in 1999 by Oxmoor House. Fons and Porter were the founding editors. In 2001, Fons, Porter and Pieters, a former Meredith executive, acquired the magazine from Oxmoor and the team subsequently re-launched it as Fons & Porter’s Love of Quilting. The magazine’s current circulation is more than 275,000.