Classical music and arts magazine Limelight has stopped circulation.
In a staff meeting this week, publisher Andrew Batt-Rawden said the closure was due to the magazine failing to secure fresh financial support. This also affected production of the upcoming March issue, which was scheduled for printing this week.
As a result, the six-person staff was terminated immediately, including recently-appointed editor Jo Litson.
Batt-Rawden is seeking new buyers while attending to liquidation proceedings. "The magazine has improved a lot financially, we are reaching a big audience across Australia and a few internationally, but my personal situation was that I simply couldn't continue the monthly profit and loss. I got to the point where I couldn't take another refinancing, so I decided to take some drastic action," he said.
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