Canadian Publishing Industry News
12 October 2021, TORONTO
Canadian Art closes
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“After thoroughly exhausting all options to allow Canadian Art to survive, the Board began the process of pursuing a wind-up that would best maintain the organization’s charitable status, protect the stewardship of its cultural assets for the future, and maximize recoveries to stakeholders such as employees, landlords, trade creditors,” said the announcement.
The title had been operating at reduced capacity for the past seven months. It had put a hold on both the summer issue and updating its website to try and get a handle on its finances.
To preserve the archives of Canadian Art, one copy of each CA magazine published will be donated to the Art Gallery of Ontario with the aim to eventually provide digital public access for future generations.
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| Jaded says: | |
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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