Statistics released by the Publishers Information Bureau recently recorded that advertising revenues for the last quarter are down nearly 22% on the same period last year.
As Traditional Boats & Tall Ships Magazine is a small, niche title this downturn has had a devastating effect on the advertising revenues that have been achieved so far this year. It is these monies that allow us to be able to fund and retain the quality of print, editorial and design that you have come to expect since we re-launched last year.
So in order to protect the title from the risk of closure, we have taken the decision to place the magazine on hold for the short-term future. While the title sits ‘in hibernation’ we will not be taking any new subscriptions or renewals of existing subscriptions.
This has not been an easy decision to take, but it is one that will hopefully safeguard some future for the magazine. I thank all of the subscribers in advance for their support and patience during this difficult and unfortunate time.
Wild Publishing Limited