It's better than I feared.
The official press release is here. In short, New Track Media has just purchased CK Media's quilting titles, which were primarily located in Golden, CO. That new ownership also meant layoffs (of course), and a ton of uncertainty for the editors on staff of those magazines.
Many of whom were good friends, both when I was an editor for Quilter's Newsletter, and the years afterward.
I talked to a buddy at QN...and felt a great sense of relief. Although a few people were let go from Editorial -- including Irene Berry, a fine and capable editor -- most are just fine. There were approx. 13 layoffs at the Golden office, but 4 were bigwigs, and the rest of the hits primarily in circulation and accounting. Actually, my friend said, the Ogden, UT office took more hits than the people in Golden did. Still not great...but much more bearable than having the Golden office -- and the magazines -- shut down completely.
My friend is "cautiously optimistic:" a good sign.