Life@Work Journal Misses Issue, Seeks Funds
by July 22, 2002 12:00 am 113 views
Steve Graves and Tom Addington, who founded The Life@Work Journal in 1997, are negotiating with a Christian college and seminary to financially support the international Christian business magazine.
Graves said a group of investors in Nashville, Tenn., calling themselves Life@Work Holding Co., bought the Fayetteville-based publication in August 2001 and hired Franklin Publishing Co. of Nashville to run the quarterly magazine. Although the publisher and Franklin were in Nashville, the editorial offices remained in the Three Sisters Building on Fayetteville’s Dickson Street until the office closed in July.
After the terrorism of September 11, the holding company lost millions of dollars and was unable to finance publication of the Life@Work Journal, Graves said. As a result, the magazine’s spring issue, which would normally be published in April, is still sitting at the printing plant.
“We’ve put it on hold,” Graves said. “We just don’t think we should keep incurring debt.”
Graves wouldn’t give specific dollar figures, but he said the amount of money that fell through from the holding company concerned “some high six-figure numbers.”
“Our only shortfall since day one is we were undercapitalized,” Graves said. “It could very well be the middle of September before we get something signed.”