The publisher of a fortnightly free newspaper in Bournemouth has gone into administration with debts estimated at £40,000, reports HoldTheFrontPage.
Steve Cook, founder and editor of Seeker News, explained: "Unfortunately the industry-wide decline in revenues from advertising within print media meant that although the content and design of the paper delivered everything we set out to achieve, the commercial side of the operation struggled to keep pace with the growth of the publication."
The title, published first as a monthly magazine, was relaunched as a fortnightly paper in May with a print run of 10,000. It was distributed through supermarkets, leisure centres, hotels, cafes and hospitals in Bournemouth and Poole.
Sources: HoldTheFrontPage
