API magazine is closing

Hi everyone,
I regret to say that as of this afternoon, after 20 years on the shelves, Australian Property Investor magazine will be closing its doors.
I arrived at the office this morning to be told that this would be our final day by the magazine's owner – not a conversation I was at all expecting today, despite the generally tough environment in the print world.
The announcement will go public in a few hours via our website and I'm unaware as to how the owners will proceed with winding up the company, but I do want to say that as media professionals, we have always tried to produce a publication that was informative and entertaining to the wider investing community – most of the times we hit the mark, sometimes we missed, but it was always with a clear intent that the resource should be valuable to keen property minds.
It's also worth noting that we've had an extraordinarily dedicated team of journalists, freelancers, designers, administration and advertising managers who've done their utmost to make this a product we can be proud of. Many of these people have been part of the team for years (some decades), and they now find themselves without work weeks out from Christmas. They should be proud of what they've achieved with us – I am certainly honoured to have worked with them.
The news is very fresh to us all so while there may be questions among the broader community, I'd prefer to simply sign off at this stage by saying thanks to everyone who contributed to our publication, either as a reader or a subject, and I look forward to seeing you in this space in the future.
Good luck and fortune to you all.
Kieran

 

Thats a shame, good luck in the future lad. Redundancy package?

 

Sorry to hear this @Daisycutter4 hope it all works out ok for you.

 

Sad to see you close. I still remember buying API when I first became interested in property all those years ago. Was a great source of information and motivation over the years. Good luck Keiran and the rest of the team.

 

Genuinely sorry to hear that Kieran. Hope everyone is able to move on to bigger and better things. I enjoyed API (in the end).

 

Very sorry to hear - I gained a lot by the stories and information in the magazine.

 

So sad to hear the news. I do enjoy API at times. Thanks for that. Best wishes

 

Thanks for everything, Kieran

As a multi-time contributor and an avid reader, I really appreciate what you were trying to do. I'm sure the next direction you take will be as interesting as the last.

 

Really sad to hear that mate. You are clearly passionate and this must be horrible for you, your family and your team.

 

Wow what a **** day for you and the rest of the team.
Sorry to hear the news .

 

I'm sorry to hear that. These things must happen in 3's. I've had two clients loose their jobs in the last 24 hours.

There's a lot of stuff on the net saying that 2016 was a horrible year. Honestly I can't argue with that idea. Hopefully 2017 will be a lot better for everyone.

 

wth happened???

there were a few other smaller prints such as YPI and Smart property pop up, but I always read API,

did someone buy over the company?? surely you guys were doing the best out of all the mags

im shocked!!!

 

financially it was the worst year for me in a long time,

two of my friends lost their paretns and grand parents,
one of my friend had a child

2016 was not a good year but in the grand scheme of things it could have been worse

but 2016 seems toe be bad for most

 

What a shame! API was lightyears ahead of its competition.

On a more personal note, I hope all staff are taking the news as best they can and will use this surprise as a reason to find even more fulfilling roles.

Perhaps something will rise from the ashes.

 

Very sad to hear, I've been enjoying API for many years and have gotten good value from its contents....big shame. Thank you for your influence and contribution to my own portfolio development and success.

Maybe Property Chat Investors magazine can be born....

 

So sorry to hear this. I hope all turn out well for you and everyone involved.

 

Sorry to hear, very sad news.

My friend was also made redundant this week from their business closing up their Australian arm.

Have they talked about one final release of a mag? Be nice to do a reflection but can understand motivations are low and will it still be profitable.

I always regarded the API magazine as the market leader, sad day.

 

Sorry to hear that Kieran and team. I enjoy the magazine. Wishing you and colleagues all the very best for the future.

Looks like I need to contact the company regarding my subscriptions.

 

The spruikers will be shattered. Where will they publish advertisements masquerading as journalism ? I'm sorry to see jobs affected - I cant help but feel that the days of printing paper to read is being outpaced by places like PC and the social blending of various viewpoints.

 

just went to news site to read this too

Dolly magazine gets axed

Once valued at $790 million, Pumpkin Patch is now officially worthless.

is this the start of a recession or a sign of the end of print media?