Publisher goes into liquidation

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The company that publishes youth culture magazine Pulp has gone into voluntary liquidation.

However, liquidators Waterstone Insolvency said it hoped to sell the business as a going concern.

Pulp Media is owned by the editor of the quarterly magazine, Kevin Schluter.

Pulp had been circulating for about 15 years and was selling 3500 copies a quarter, Waterstone's Damien Grant said.

The magazine also has a digital edition.

Grant said the amount owed by Pulp Media was not great and he estimated the final shortfall would be less than $100,000. "What killed them was a one-off slump in advertising for the last edition," he said.