Press Gazette closes

The UK Press Gazette closed tonight and its 20 staff, 12 of them journalists, were made redundant.

The weekly magazine, after 41 years of publication, went into liquidation after last minute attempts to find a buyer failed.

Yesterday, attempts to put together an industry consortium to fund the title collapsed when two national newspaper groups, Associated Newspapers and the Telegraph Media Group, failed to get rival companies, including News International and Guardian News & Media, to join.

“Press Gazette’s editorial team would like to thank all of its readers over the past 41 years, and all of those who have given us support in the recent difficult weeks,” said a statement on Press Gazette‘s website.

“The magazine’s staff was informed tonight by managing director Simon Read that they were being made redundant with immediate effect.”

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