FireCrown Media / Flying Magazineby Craig Fuller
FireCrown Media, founded by Craig Fuller (also founder of FreightWaves), acquired Flying Magazine in 2021 as a side project and scaled it into a $50M ARR media holding company. The business model inverts traditional magazine economics: instead of making money from readers, FireCrown uses media to acquire high-net-worth customers for higher-margin products like luxury real estate (an airport community development project in Tennessee with $25M in pre-deposits), jet brokerage, and marina investments across 44 magazine titles in expensive hobbies.
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