NFBC Announcement On Tuesday at 2 PM EST

Greg Ambrosius · Post by **Greg Ambrosius** » Mon Apr 21, 2008 5:18 am

We have a major announcement that will be released tomorrow at 2 p.m. EST. It will affect our live drafts in baseball and football going forward and will enhance all of our online contests as well. This is a deal that has been in the works for months and will be good for the NFBC, good for fantasy players and good for the fantasy sports industry in general.

This is going out exclusively to the business wire tomorrow and then we'll announce it on the NFBC and NFFC Message Boards and of course via e-mail to all of our members. Feel free to comment about the news here or ask questions here as Tom and myself will be here all day to explain this thoroughly. Thanks.

Quack · Post by **Quack** » Mon Apr 21, 2008 6:54 am

I smell Initial Public Offering.

Edwards Kings · Post by **Edwards Kings** » Mon Apr 21, 2008 6:59 am

Naaahhh! Bigger. I hear Krause is instituting a "no facial hair" policy!

Catch · Post by **Catch** » Mon Apr 21, 2008 7:04 am

Moving headquarters to Las Vegas as the winter took a toll on Greg/Tom and company.

Quahogs · Post by **Quahogs** » Mon Apr 21, 2008 7:05 am

Originally posted by Edwards Kings:

Naaahhh! Bigger. I hear Krause is instituting a "no facial hair" policy! ha Wayne

! But I think the NRA saying “They’ll get my 'stache when they shave it from my cold dead head” also holds true for Greg.

Tom Kessenich · Post by **Tom Kessenich** » Mon Apr 21, 2008 7:09 am

Originally posted by Catch:

Moving headquarters to Las Vegas as the winter took a toll on Greg/Tom and company. Now this would be sweet.

Catch · Post by **Catch** » Mon Apr 21, 2008 7:11 am

Tom, moved to Las Vegas 10 years ago from Chicago and never looked back; although, I have gone back 3 times for vacation during da summer....no more winters for me.

Edwards Kings · Post by **Edwards Kings** » Mon Apr 21, 2008 7:13 am

Originally posted by Quahogs:

quote:Originally posted by Edwards Kings:

Naaahhh! Bigger. I hear Krause is instituting a "no facial hair" policy! ha Wayne

! But I think the NRA saying “They’ll get my 'stache when they shave it from my cold dead head” also holds true for Greg.

[/QUOTE]True...true!

Actually, it sounds rather serious. The last time I got a message this cryptic, my wife started knitting baby booties!

I think we are looking at a big-time partnership announcement. At least I hope it is a partnership and not a takeover!

Liquidhippo · Post by **Liquidhippo** » Mon Apr 21, 2008 8:05 am

Quit teasing and tell us already!

poopy tooth · Post by **poopy tooth** » Mon Apr 21, 2008 8:29 am

Originally posted by Liquidhippo:

Quit teasing and tell us already!

It's already showing up online...the drafts will be hosted by Mel Kiper Jr with commentary from Chris Berman...

Greg Ambrosius · Post by **Greg Ambrosius** » Mon Apr 21, 2008 8:35 am

Originally posted by Liquidhippo:

Quit teasing and tell us already!

I can't. If I could do it without getting slapped I would have announced it at the Saturday NFBC drafts in March. We had white foam-boards with the announcement and new logos all made up and we were going to announce it before the Saturday main events. It was sooooooooo cool and it would have been a great buzz in the room when we unveiled the new logos. But then the lawyers put a halt to the announcement and took a month to finalize the deal. Lawyers do get paid by the hour, you know.

poopy tooth · Post by **poopy tooth** » Mon Apr 21, 2008 8:43 am

Originally posted by Greg Ambrosius:

quote:Originally posted by Liquidhippo:

Quit teasing and tell us already!

I can't. If I could do it without getting slapped I would have announced it at the Saturday NFBC drafts in March. We had white foam-boards with the announcement and new logos all made up and we were going to announce it before the Saturday main events. It was sooooooooo cool and it would have been a great buzz in the room when we unveiled the new logos. But then the lawyers put a halt to the announcement and took a month to finalize the deal. Lawyers do get paid by the hour, you know.

[/QUOTE]Did you guys acquire or get acquired?

Greg Ambrosius · Post by **Greg Ambrosius** » Mon Apr 21, 2008 8:46 am

Originally posted by poopy tooth:

quote:Originally posted by Greg Ambrosius:

quote:Originally posted by Liquidhippo:

Quit teasing and tell us already!

I can't. If I could do it without getting slapped I would have announced it at the Saturday NFBC drafts in March. We had white foam-boards with the announcement and new logos all made up and we were going to announce it before the Saturday main events. It was sooooooooo cool and it would have been a great buzz in the room when we unveiled the new logos. But then the lawyers put a halt to the announcement and took a month to finalize the deal. Lawyers do get paid by the hour, you know.

[/QUOTE]Did you guys acquire or get acquired? [/QUOTE]What do you think this is, "What's My Line?"

It's all good news, trust me. Tom and I aren't going anywhere. We're not any richer. We just have a plan in place to expand EVERYTHING. How's that for good news?

poopy tooth · Post by **poopy tooth** » Mon Apr 21, 2008 9:00 am

Originally posted by Greg Ambrosius:

quote:Originally posted by poopy tooth:

quote:Originally posted by Greg Ambrosius:

quote:Originally posted by Liquidhippo:

Quit teasing and tell us already!

I can't. If I could do it without getting slapped I would have announced it at the Saturday NFBC drafts in March. We had white foam-boards with the announcement and new logos all made up and we were going to announce it before the Saturday main events. It was sooooooooo cool and it would have been a great buzz in the room when we unveiled the new logos. But then the lawyers put a halt to the announcement and took a month to finalize the deal. Lawyers do get paid by the hour, you know.

[/QUOTE]Did you guys acquire or get acquired? [/QUOTE]What do you think this is, "What's My Line?"

It's all good news, trust me. Tom and I aren't going anywhere. We're not any richer. We just have a plan in place to expand EVERYTHING. How's that for good news? [/QUOTE]Sounds good. I am glad you are both staying.

Should be interesting to read about...I've googled Greg Ambrosius, but all I get is a video of a guy with a mustache delivering a pizza to a girl's dorm room. Picture hard to make out...looks like it's from the 70's and the music is strange...

Edwards Kings · Post by **Edwards Kings** » Mon Apr 21, 2008 9:13 am

Originally posted by poopy tooth:

quote:Originally posted by Liquidhippo:

Quit teasing and tell us already!

It's already showing up online...the drafts will be hosted by Mel Kiper Jr with commentary from Chris Berman... [/QUOTE]Whew! I thought it was going to be Joe Morgan and John Sterling....

bosco · Post by **bosco** » Mon Apr 21, 2008 9:22 am

My guess is that a TV network is involved in the announcement!

I would guess ESPN.

Asumijet · Post by **Asumijet** » Mon Apr 21, 2008 9:38 am

I am going to "Forecast" that it has something to do with Jermaine Dye.

mallorys killers · Post by **mallorys killers** » Mon Apr 21, 2008 11:07 am

Was Krause puiblications bought by ESPN or another major investor?

mallorys killers · Post by **mallorys killers** » Mon Apr 21, 2008 11:12 am

Antiques & Collectibles Publisher Krause Publications to Be Sold for $120 Million

By Ina Steiner

AuctionBytes.com

July 01, 2002

F & W Publications Inc. will purchase Krause Publications for $120 million, according to The Milwaukee Journal Sentinel newspaper. Krause Publications publishes "leisure-time" books and magazines, including publications for the antiques and collectibles market. Krause Publications is an employee-owned company located in Iola, " a village of about 1,200 population nestled in the beautiful rolling hills and woods of central Wisconsin."

F & W calls itself a leading publisher of special interest magazines and books for writers, artists, photographers, graphic designers, woodworkers and others. The company was established in 1913 and publishes Popular Woodworking and Writer's Digest magazines, among others.

F & W's Book Division offers more than 525 titles under six imprints. In addition to the core how-to books in art, writing, design and woodworking, it covers lifestyle subjects as diverse as home remodeling, songwriting, genealogy and wedding planning.

William F. Reilly, former head of Primedia, joined with a private investment firm to buy F & W earlier this year. Reilly had been president of Macmillan Publishing Company and went on to found K-III Communications in 1989. In 1997, K-III Communications Corporation changed its name to Primedia Inc., which later merged with About Inc., the publisher of the About.com Web sites.

In 1999, Reilly retired from his position as chairman and CEO of Primedia after 10 years at the helm. He had grown Primedia revenues to more than $1.5 billion through well-timed acquisitions and start-ups of consumer and business media products. The reason for the decision was "to take early retirement to pursue private investment opportunities," although the New York Times said Reilly was forced out by his majority investors, Kohlberg, Kravis, Roberts & Company.

The Times said Reilly is looking to woo the over-35 market usually ignored by youth-centric advertisers, and plans to stick to niche publications with his latest venture. ****://www.jsonline.com/bym/news/jun02/55118.asp ****://fwpublications.com

mallorys killers · Post by **mallorys killers** » Mon Apr 21, 2008 11:27 am

Update ,,,F and W sold again in 2005 and Greg and Tom buy it for 900 million in 2008.

KJ Duke · Post by **KJ Duke** » Mon Apr 21, 2008 1:03 pm

Originally posted by mallorys killers:

Antiques & Collectibles Publisher Krause Publications to Be Sold for $120 Million

By Ina Steiner

AuctionBytes.com

July 01, 2002

F & W Publications Inc. will purchase Krause Publications for $120 million, according to The Milwaukee Journal Sentinel newspaper. Krause Publications publishes "leisure-time" books and magazines, including publications for the antiques and collectibles market. Krause Publications is an employee-owned company located in Iola, " a village of about 1,200 population nestled in the beautiful rolling hills and woods of central Wisconsin."

F & W calls itself a leading publisher of special interest magazines and books for writers, artists, photographers, graphic designers, woodworkers and others. The company was established in 1913 and publishes Popular Woodworking and Writer's Digest magazines, among others.

F & W's Book Division offers more than 525 titles under six imprints. In addition to the core how-to books in art, writing, design and woodworking, it covers lifestyle subjects as diverse as home remodeling, songwriting, genealogy and wedding planning.

William F. Reilly, former head of Primedia, joined with a private investment firm to buy F & W earlier this year. Reilly had been president of Macmillan Publishing Company and went on to found K-III Communications in 1989. In 1997, K-III Communications Corporation changed its name to Primedia Inc., which later merged with About Inc., the publisher of the About.com Web sites.

In 1999, Reilly retired from his position as chairman and CEO of Primedia after 10 years at the helm. He had grown Primedia revenues to more than $1.5 billion through well-timed acquisitions and start-ups of consumer and business media products. The reason for the decision was "to take early retirement to pursue private investment opportunities," although the New York Times said Reilly was forced out by his majority investors, Kohlberg, Kravis, Roberts & Company.

The Times said Reilly is looking to woo the over-35 market usually ignored by youth-centric advertisers, and plans to stick to niche publications with his latest venture. ****://www.jsonline.com/bym/news/jun02/55118.asp ****://fwpublications.com I met with Reilly back in, probably '95, when he was head of Primedia. I considered research coverage of them which could have led to an investment banking relationship - the stock looked cheap, but ultimately I just didn't like the business enough. Little did I know then he would eventually own the company that would lead to my current addiction ...

DOUGHBOYS · Post by **DOUGHBOYS** » Mon Apr 21, 2008 1:16 pm

Originally posted by KJ Duke:

quote:Originally posted by mallorys killers:

Antiques & Collectibles Publisher Krause Publications to Be Sold for $120 Million

By Ina Steiner

AuctionBytes.com

July 01, 2002

F & W Publications Inc. will purchase Krause Publications for $120 million, according to The Milwaukee Journal Sentinel newspaper. Krause Publications publishes "leisure-time" books and magazines, including publications for the antiques and collectibles market. Krause Publications is an employee-owned company located in Iola, " a village of about 1,200 population nestled in the beautiful rolling hills and woods of central Wisconsin."

F & W calls itself a leading publisher of special interest magazines and books for writers, artists, photographers, graphic designers, woodworkers and others. The company was established in 1913 and publishes Popular Woodworking and Writer's Digest magazines, among others.

F & W's Book Division offers more than 525 titles under six imprints. In addition to the core how-to books in art, writing, design and woodworking, it covers lifestyle subjects as diverse as home remodeling, songwriting, genealogy and wedding planning.

William F. Reilly, former head of Primedia, joined with a private investment firm to buy F & W earlier this year. Reilly had been president of Macmillan Publishing Company and went on to found K-III Communications in 1989. In 1997, K-III Communications Corporation changed its name to Primedia Inc., which later merged with About Inc., the publisher of the About.com Web sites.

In 1999, Reilly retired from his position as chairman and CEO of Primedia after 10 years at the helm. He had grown Primedia revenues to more than $1.5 billion through well-timed acquisitions and start-ups of consumer and business media products. The reason for the decision was "to take early retirement to pursue private investment opportunities," although the New York Times said Reilly was forced out by his majority investors, Kohlberg, Kravis, Roberts & Company.

The Times said Reilly is looking to woo the over-35 market usually ignored by youth-centric advertisers, and plans to stick to niche publications with his latest venture. ****://www.jsonline.com/bym/news/jun02/55118.asp ****://fwpublications.com I met with Reilly back in, probably '95, when he was head of Primedia. I considered research coverage of them which could have led to an investment banking relationship - the stock looked cheap, but ultimately I just didn't like the business enough. Little did I know then he would eventually own the company that would lead to my current addiction ... [/QUOTE]Woodworking?

Windy City Hustler · Post by **Windy City Hustler** » Mon Apr 21, 2008 1:34 pm

Rotonation seems to be on a buying binge.

Windy City Hustler · Post by **Windy City Hustler** » Mon Apr 21, 2008 1:38 pm

I meant Fantasy Sports Ventures.

Greg Ambrosius · Post by **Greg Ambrosius** » Mon Apr 21, 2008 1:49 pm

Nice research MK. Yes, our employee-owned company was sold in 2002 and then that company sold us again in 2005. Since we were 100 percent employee owned in 2002, we were ALL happy folks then!!

We're still happy now, but two new owners in four years after having one owner during the first 50 years has been interesting.

KJ, I didn't realize that story. We'll have to trade some stories about that ownership group.

No, we weren't sold to Fantasy Sports Ventures. We weren't sold at all!!

It's all good news, I tell you, good news indeed. I'd tell you, but we have to send this to the business wires first. I promise to e-mail you the news tomorrow.