All quiet at Publishers Australia ahead of first creditors meeting

Breaking news: as reported by Brendan Coyne, Editor of AdNews

“Around a dozen companies and individuals owed money by Publishers Australia will this week find what kind of recompense they can expect after the company last week decided to call in the administrators.

Publishers Australia has appointed Moore Stephens as administrator and Michael Hird is handling the voluntary administration process. He told AdNews that “the company has a dozen creditors, totaling approximately $100,000.

Creditors in the past have included Hilton Hotel Group, the tax department and currently include suppliers and former staff.

[Earlier this year] the board struck a deal whereby Focal Attractions would run the events operation in return for a $50,000 injection.

It is not clear whether any other publisher was invited to tender for the events business.

Publishers Australia has around 100 publisher members.”

Read the full article at AdNews here.

Beyond Digital Strategy will be attending the creditors meeting on the 25th September.