API magazine is closing

Discussion in 'Property Information Resources & Tools' started by Daisycutter4, 30th Nov, 2016.

Join Australia's most dynamic and respected property investment community
  1. Daisycutter4

    Daisycutter4 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    145
    Location:
    Brisbane
    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
     
    Last edited: 30th Nov, 2016
  2. beertank23

    beertank23 Well-Known Member

    Joined:
    16th Feb, 2016
    Posts:
    149
    Location:
    Newcastle
    Thats a shame, good luck in the future lad. Redundancy package?
     
    Banister and Daisycutter4 like this.
  3. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    739
    Location:
    Bermagui NSW
    Sorry to hear this @Daisycutter4 hope it all works out ok for you.
     
    Daisycutter4 likes this.
  4. Tony Fleming

    Tony Fleming Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    717
    Location:
    Sydney
    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.
     
    Whitecat and Daisycutter4 like this.
  5. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    Genuinely sorry to hear that Kieran. Hope everyone is able to move on to bigger and better things. I enjoyed API (in the end).
     
    Daisycutter4 likes this.
  6. mcarthur

    mcarthur Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    761
    Location:
    ACT
    Very sorry to hear - I gained a lot by the stories and information in the magazine. :(
     
    Shazi and Daisycutter4 like this.
  7. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    2,126
    Location:
    on my way
    So sad to hear the news. I do enjoy API at times. Thanks for that. Best wishes
     
    Daisycutter4 likes this.
  8. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    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.
     
    Daisycutter4 likes this.
  9. Ross Forrester

    Ross Forrester Well-Known Member

    Joined:
    30th Oct, 2016
    Posts:
    2,085
    Location:
    Perth, Western Australia
    Really sad to hear that mate. You are clearly passionate and this must be horrible for you, your family and your team.
     
    Whitecat and Daisycutter4 like this.
  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,319
    Location:
    Perth
    Wow what a **** day for you and the rest of the team.
    Sorry to hear the news .
     
    Daisycutter4 likes this.
  11. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,116
    Location:
    03 9877 3000
    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.
     
    Tekoz, 2FAST4U, Jerry O and 1 other person like this.
  12. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne
    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!!!
     
    Wanttoretire likes this.
  13. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne
    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
     
    Daisycutter4 likes this.
  14. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    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.
     
  15. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    24,997
    Location:
    Vaucluse, Sydney.
    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....
     
    Daisycutter4 likes this.
  16. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    So sorry to hear this. I hope all turn out well for you and everyone involved.
     
    Daisycutter4 likes this.
  17. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    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.
     
    kierank and Daisycutter4 like this.
  18. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,386
    Location:
    Sydney
    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.
     
    Luke T and Daisycutter4 like this.
  19. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,212
    Location:
    Sydney
    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.
     
    Excalibur1, D.T., willair and 2 others like this.
  20. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne