Pantara has to file for insolvency - new plans for publisher magazine
Pantara, publisher of *Publisher*, a Swiss trade magazine for publishing and print, has filed for bankruptcy, according to a press release. The company is now working on a future for *Publisher* magazine.
Pantara, editor of the Publisher, Swiss trade magazine for publishing and print, apparently has to file for insolvency. The reason was insurmountable challenges in the industry, a statement said. Despite initial confidence and commitment, it had not been possible to achieve the hoped-for sales and establish new business models. The advancing digitalization and the change in media consumption had led to strong competition and a fragmented readership.
With the insolvency of Pantara, the rights to the Publisher to the founder Martin Spaar and there are ideas on how to continue in a new constellation. The main idea is to convert the publisher into a cooperative. It is hoped that a new, sustainable solution can be realized.
