[Michlib-l] CreativeBug Acquisition: Golden Peak Media

[Jim Flury]

All, 

Many MI libraries subscribe to CreativeBug. Thus I thought it might useful to share the news of the bankrupt company's acquisition by another firm earlier this week. 

As you know, CreativeBug parent company JoAnn recently filed for bankruptcy protection for the second, final time. Rival Michaels bought some JoAnn assets. Its physical stores were closed. JoAnn subsidiary CreativeBug was auctioned to the highest bidder, Golden Peak Media, which itself was founded as the result of a bankruptcy auction purchase of longtime publisher F+W Media a number of years ago. 

[ https://craftindustryalliance.org/fw-media-files-for-bankruptcy/ | https://craftindustryalliance.org/fw-media-files-for-bankruptcy/ ] 
The below does not link to the official press release concerning this transaction. That press release did not utilize a secure version of http (https) and as a result, it would be flagged as insecure by most web browsers. 

[ https://www.businesswire.com/news/home/20250610642030/en/Golden-Peak-Media-Acquires-Creativebug-Aligning-Two-Top-Tier-Arts-and-Crafts-Education-Companies | https://www.businesswire.com/news/home/20250610642030/en/Golden-Peak-Media-Acquires-Creativebug-Aligning-Two-Top-Tier-Arts-and-Crafts-Education-Companies ] 

The library contact for CreativeBug is and remains Meghan Haddad-Null. Feel free to reach out to Meghan directly with your specific questions or concerns [ mailto:meghan.haddad-null at creativebug.com | meghan.haddad-null at creativebug.com ] 

Jim 

Jim Flury 
Technical Services Manager 
The Library Network 
41365 Vincenti Court 
Novi, MI 48375 
248-536-3100, ext 133 
Note New Fax Number: 248-716-5584 
Note New Email Address:jflury at tln.org 

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