Food52 Just Declared Bankruptcy—Here’s What Happens Next

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This story was originally published in On Background with Mark Stenberg, a free, weekly newsletter that explores the key themes shaping the media industry. You can sign up for it here.

In the waning days of 2025, the food media company Food52 declared bankruptcy in a Delaware court, the final chapter in a long saga of financial woes that had plagued the publisher since 2022. In total, the company owes more than $25 million to a mix of creditors, according to the filing.

The declaration was a fitting coda to a story that I had published just days before, an investigation that had been months in the making.

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