LGBTQI Mag Star Observer Enters Voluntary Administration

LGBTQI Mag Star Observer Enters Voluntary Administration

Australian LGBTIQ publication Star Observer has entered voluntary administration, accouncing it is up for sale.

The magazine announced the news yesterday, appointing Trent McMillen from MaC Insolvency as administrator on Friday, May 10.

Star Observer chairman Sebastian Rice said: “Cash flow is the lifeblood of any small organisation.

“The Star Observer is an LGBTI community-owned not-for-profit that has always relied on advertising revenue to raise money. We do not receive any government funding.

“The board saw an unexpected slowdown in our advertising clients paying their bills, which caused us to run low on cash in the bank.”

Rice said the Star Observer entered voluntary administration to give the publication a chance to survive.

The Star Observer was founded in 1979 under the title The Sydney Star, and celebrated its 40th anniversary this year.

McMillen is currently looking into ways to allow the Star Observer to survive.

Options currently being explored include selling the business or proposing a Deed of Company Arrangement to avoid liquidation.




Please login with linkedin to comment

star observer

Latest News

Cosmo Returns To Australia!
  • Media

Cosmo Returns To Australia!

Ever get the feeling we've weirdly warped back to 1988 at the moment? Confirm it with the relaunch of Cosmo in print.

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]