Neighbourhood Paper on the hunt for buyer
Inner Sydney monthly freesheet and website, Neighbourhood Paper is looking for buyer after its parent company, Moth Creative Projects, started winding up proceedings.
Receiver and manager for the company, Ian Purchas, has placed advertisements in the financial press seeing expressions of interest for the paper which is delivered to 95,000 homes and businesses across Sydney’s inner suburbs.
The move follows Moth Creative calling in administrators in late July with a meeting of creditors last month voting to wind up the company.
Mumbrella understands both Purchas and Neighbourhood Paper publisher, Jonathan Samway, are optimistic about finding a purchaser with a number of parties expressing interest.
At the time of Neighbourhood’s launch last year, Samway saw the paper as being monthly print magazine of 16 to 20 pages, distributed to homes between Potts Point and Marrickville.
Samway said at the launch: “There’s a resurgent passion for craftsmanship and bespoke products, evident in the consumption of everything from vinyl records to locally brewed beers. We’re witnessing a hunger for well-made materials, for interaction with the tactile and the authentic.
“Now’s the time for quality, local print news to thrive alongside digital.”
In the expressions of interest advertisement published this morning, the receivers said: “Neighbourhood is a geo-targeted publication in print and online, aimed at inner Sydney, micro-niche market of high density ‘influencers’ located in suburbs like Newtown, Surry Hills, Darlinghurst, Potts Point etc.”
Expressions of interest are open until September 18 and a refundable bond of $5,000 to access the information package prepared by the receiver.
