Funding target missed: Coup Magazine is discontinued
Because it is no longer financially viable to continue into a second year, the media experiment "Coup" is being discontinued.
(Werbewoche.ch reported).
The crowdfunding campaign for the second year, on the other hand, has failed. The funding target of 120,000 Swiss francs for a second year of Coup was "ultimately missed by a considerable margin," according to a letter from the magazine's creators to Coup readers. In the end, there was a shortfall of just under 25,000 Swiss francs - Coup magazine will therefore be discontinued at the end of the first year.
Existing subscriptions are allowed to expire in due time. Annual memberships taken out during the first year are entitled to a cash refund. Amounts that are not reclaimed would benefit a purpose stipulated in the statutes - the promotion of younger journalists and independent journalism. The creators intend to comment in more detail on the end of Coup in the coming week. (hae)
