According to a recent press release (at SF Signal), Sean Wallace of Prime Books has sold Lightspeed Magazine and Fantasy Magazine to John Joseph Adams. A snippet:
Prime Books Sells Magazines Lightspeed and Fantasy to Editor John Joseph Adams ROCKVILLE, MD, NOV. 7–Prime Books is pleased to announce the sale and transfer of ownership of their acclaimed online magazines Lightspeed (www.lightspeedmagazine.com) and Fantasy (www.fantasy-magazine.com) to John Joseph Adams. Adams, the current editor of both magazines, will officially assume the role of publisher starting with the January 2012 issues.
“With the continuing expansion and success of Prime Books, my attention and time is increasingly consumed by book publishing,” publisher Sean Wallace said. “With John already doing a terrific job as editor, it simply made sense for him to take over as publisher as well. We’re really thrilled that this has worked out for both John and Prime.”
New publisher John Joseph Adams says he is delighted at the prospect of taking over the magazines and looks forward to the challenges ahead. “It’s an exciting time to be involved in publishing,” he said. “Models are changing and so is the readership, and online magazines have a better shot at sustainability than ever have before. I believe the possibilities for growth are tremendous, and I look forward to staying in the vanguard of this new frontier.”
That’s incredible news. We wish JJA the best of success in the future!