Quad/Graphics hooks a reeling Fishing Facts
Quad/Graphics Inc. has foreclosed its credit line on Fishing Facts magazine by taking a cash position in the 24-year-old magazine, which ranks among the top-four fishing industry magazines in the United States.
Peewaukee-based Quad/Graphics and Northwoods Publishing Co. Inc., Menomonee Falls, the publisher of Fishing Facts, reached the foreclosure agreement March 1, said a source familiar with the transaction.
Quad/Graphics, which has printed Fishing Facts for the past 18 years, was Northwoods Publishing’s biggest creditor, the source said. Quad/ Graphics had the first secured interest in the magazine, the source said. [Read more…]