Artnews SA Files for Bankruptcy

artnet News | Brian Boucher:

Artnews SA, the Polish company that briefly published the New York–based ARTnews magazine and, even briefer still, Art in America, has filed for bankruptcy and liquidation of its assets, according to the Polish website Investments. The company is traded on the Polish stock exchange. New York art collector and newsprint mogul Peter Brant is the majority shareholder (doing business as BMP Media Holdings LLC), with 59.5 percent of shares in the company, according to ARTnews‘s website. Brant’s representatives did not reply to a request for comment. (Full disclosure: I worked at Art in America in various editorial capacities from 2004 to 2014.)… Read more

Image: A view of the Interior of Warsaw Stock Exchange in Warsaw on November 9, 2010. Warsaw Stock Exchange shares jumped when they were launched on Tuesday, marking the success of post-Communist Poland in switching to a market economy and of the exchange, now the biggest in central Europe. Courtesy of JANEK SKARZYNSKI/AFP/Getty Images