John Joseph Adams, editor of Fantasy and Lightspeed, has purchased both magazines from Prime books. Adams will become the official publisher in January 2012. He took over as editor for Fantasy magazine earlier this year, and has edited Lightspeed since its June 2010 debut. Fantasy magazine was established in 2005, and has been nominated for the Hugo Award; stories from both Fantasy and Lightspeed have been nominated for the Hugo, the Nebula Award, the World Fantasy Award, and the Theodore Sturgeon Award, among others.
Prime Books publisher Sean Wallace states that “with the continuing expansion and success of Prime Books, my attention and time is increasingly consumed by book publishing. With John already doing a terrific job as editor, it simply made sense for him to take over as publisher as well.” Adams, who has been nominated for both the Hugo and the World Fantasy Awards multiple times for his work as an anthology editor, says “It’s an exciting time to be involved in publishing. 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.”