Gold Coast publisher Business News Australia shuts down
Queensland publisher Business News Australia has appointed a liquidator, shutting down its online news site sometimes confused with our Perth-based news site. Business News Operation.
Menzies Consulting director Michael Caspaney was this morning appointed liquidator of Business News Australia Pty Ltd, which publishes under this banner and also owns the business names Gold Coast Business News and Brisbane Business News and hosts a business awards programme.
Business News Australia editor Matthew Ogg has confirmed that the business, which founder Camilla Westerlund described as her life’s work, has been liquidated.
Broadbeach Waters-based Ms Westerlund is the sole director and shareholder of Business News Australia, which has an address at Varsity Lakes on the southern tip of the Gold Coast.
He has been an officer of the company since 2000, when it was registered initially under Etch Pty Ltd, then Gold Coast Business News Pty Ltd, then Business News Publications Pty Ltd and finally under its current name, which was adopted in 2014.
The operations and ownership of Business News Australia are unrelated to its Perth-based publisher, Business News Pty Ltd. Business News fortnightly magazine and www.businessnews.com.au, but there has been confusion in the market as the east coast player looks to expand its presence into Western Australia.
Although similarities in market and branding may lead some users to be confused with Business News Australia, the two business models are quite different. Business News at least many times since 2020.
Although we focus on Western Australia, the scale of the two businesses is quite different. Job NewIt is considerably larger than the Queensland online broadcaster, which is claimed to be a national player.
LinkedIn showed Ms Westerlund, identified as founder and chief executive on Business News Australia’s current pages, alongside four Gold Coast employees and a Sydney-based events contractor.
By comparison, based in St George’s Terrace Business News It has approximately 50 employees, the majority of whom work as journalists and researchers, of whom approximately 20 are on the publishing side.
Business News it also has its own in-house events team, hosting more than a dozen major events and awards programs with audiences of 400 or more each year.
We have four staff running our WA events, including two breakfast series – Success and Leadership And Politics and Business – plus two important recognition programs WA Business Awards And 40under40 Awards. Also regular industry focused Industry Briefings and the upcoming opening Leaders Summit business conference.
below 4040 Awards First run in Perth by Business News In 2002 and every year since. Perth-based Business News Pty Ltd has trademarked 40under40 and permits its use under license elsewhere in Australia.
It is owned by Western Australians and is independent from other media. Business News It was first published in 1992 and the company behind it was founded in 1986 as Gloview Pty Ltd, changing its name to News Illustrated Pty Ltd in 1993 and then Business News Pty Ltd in 2001.
Mr Caspaney said Business News He said he was appointed this morning and could not yet discuss the circumstances surrounding the liquidation.
The liquidation was not preceded by any other form of government.
It appears Business News Australia has not published anything on its website since Monday.
In a post on LinkedIn, Ms Westerlund said the publishing project started as a print imprint on the Gold Coast for more than 20 years, then expanded into events with the Young Entrepreneur Awards in 2008, before aiming to reach a national market with a digital platform focusing on founders, regional innovators and businesses outside the ASX 100.
“Over time, the economics of independent publishing have changed in ways that have made our model unsustainable,” he said.
“Despite constant adaptation and effort, the gap between the value of journalism and the returns achieved continued to widen and eventually became too much to overcome.”
