Monday 15 June 2020

Investor Sought

The Centre, which will be a registered charity, will fund itself partly by owning half of an editorially independent weekly news magazine. I am therefore looking for someone to invest by buying the other half.

With only the same online presence as Private Eye, which seems to do all right commercially, that magazine will feature, on its odd-numbered pages, a weekly column by each of around 20 regular contributors, plus around five guest articles, giving a voice to the old Red Wall areas that now decide the outcomes of General Elections. Those areas tend to have relatively low levels of Internet use, meaning that this magazine ought to sell well here.

The even-numbered pages will feature popular news stories relating to sport, television, music, and so on, plus advertising. Public relations stuff, if you like, but that would get the readers, especially if we made offers of exclusivity to the biggest clubs, programmes, acts, and so forth. We know exactly whom we intend to approach, and we have the highest of hopes. For the right to publish whatever they liked within the law, the word limit, and the English language, and provided that it were exclusive content, then we expect to charge £24,000 per page per annum. Peanuts to them.

We expect each regular columnist to be paid £12,000 per annum, and each guest columnist to be paid £250 per time. With 25 comment articles per week, that would add up to £300,000 per annum in pay to contributors. As Editor, I might take another £12,000, but only if it were there. Newsprint is far cheaper than it used to be, so 15,000 copies could be produced for well under £2000, and probably for less than £1500. Obviously, we would aim a lot higher than that. But that does give a guide to the figures. We expect a retail price of one pound.

Full details are of course available on request. Please contact me on davidaslindsay@hotmail.com. Very many thanks.

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