Limelight Magazine looks for buyer as parent company teeters toward liquidation
Arts Illuminated, the publisher of classical music magazine Limelight, is searching for a buyer for its masthead as the company teeters towards liquidation.
“I couldn’t weather the monthly highs and lows anymore”, publisher Andrew Batt-Rawden told Mumbrella yesterday. “I started the company in debt, and as a starving artist I had no assets to borrow against. The operations have all frozen, and I’m looking for a buyer to sell the masthead to prior to liquidation.”
“I couldn’t weather the monthly highs and lows anymore.” Limelight publisher Andrew Batt-Rawden
Limelight, which employs seven people, is the latest casualty among Australia’s smaller publishers with Crinkling News, Australia’s only children’s newspaper, and the local licensee of Rolling Stone, Paper Riot, shutting shop in the last month.
Reports of Limelight’s death have been greatly exaggerated. Two buyers have come forward and the magazine has continued to be published without a hitch.
http://www.limelightmagazine.c.....new-owner/
Reports of Limelight’s death have been greatly exaggerated. Two buyers have come forward and the magazine has continued to be published without a hitch.