Meow! 'Cat Fancy,' Other Pet Mags Sold

BowTie Inc., which publishes pet and other specialty magazines and books, including Cat Fancy and Dog Fancy, has sold its assets to l-5 Publishing LLC, a new joint venture formed by the CTO of a commercial printer and a co-founder of a publisher marketing company. Financial terms were not disclosed, beyond the quote that it was "an eight-figure commitment." There will be layoffs, though "the new owners plan to retain more than two-thirds of the BowTie workforce," writes Richard Clough.

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