Australia’s oldest LGBTIQ+ print publication will continue to serve the community after entering voluntary administration last month.
Star Observer have announced that the 40-year-old publication has been acquired by a new company known as Out Publications.
The company, founded by Lawrence Gibbons, bought the publication through MaC Insolvency. Gibbons is a renowned publisher, founding the Sydney Inner Hub in 1995, which continues in Sydney today.
“I met Michael Glynn, the Star Observer‘s founder, the year he died in 1996,” Gibbons told Star Observer.
“It is an honour and a privilege to keep Michael’s legacy alive.”
Star Observer‘s Chairman Sebastian Rice says that cash flow is the life blood of any small organisation.
“The Star Observer is an LGBTI community owned not-for-profit that has always relied on advertising revenue to raise money,” Rice said, “We do not receive any government funding.”
“The board saw an unexpected slowdown in our advertising clients paying their bills, which caused us to run low on cash in the bank. We needed to enter voluntary administration to protect our creditors and staff, and provide a chance for the Star Observer to survive.”
OIP Staff
