Latest Crinkling News News
Jan 16, 2018
Jamie Berry More Eight months after being thrown a lifeline of more than $210,000, children's newspaper Crinkling News is no more. The newspaper's founders, Saffron Howden and Remi Bianchi, issued a statement on Tuesday night to its loyal readers, subscribers and supporters that the publication will need "a much bigger business, government or philanthropy to take all the amazing things we have done together and keep the momentum going". SHARE Photo: Nick Moir "We made every cent stretch as far as it possibly could," they wrote. "But we are very sorry to say we cannot keep publishing the newspaper with the resources we have." Related Articles Crinkling News is written by adults but children write opinion pieces, reviews and act as junior reporters. The Sydney-based newspaper raised $212,300 through a crowdfunding platform in May 2017. Ms Howden had said that money would go towards making the weekly publication self-sustaining. Advertisement But the crowdfunding platform and payment processing system cost the newspaper almost $20,000 while a further $53,000 "went to servicing new subscriptions to the newspaper and perks that people claimed as part of their crowdfunding contribution". "So $139,692.85 was left as new funds to invest in the continuation and growth of Crinkling News," they wrote. SHARE Link Saffron Howden with 10-year-old Grace Gregson and 15-year-old Dita Mehta out the front of NSW Parliament House in May 2017. Photo: Jessica Hromas "That money allowed us to cover news for kids for a further eight months, launch Australia's inaugural media literacy conference for young people, do the first research into how kids and teens get their news across the nation, and more. "We do not believe there is anyone who could have achieved more with the funds available or made them stretch any further in this market and environment and maintain the high standards for which Crinkling News is known. "The funds were not raised in vain." Subscribers will no longer receive their weekly copy but are eligible for a refund on the remainder of their subscription. "Two years ago, we left our careers in journalism for grown-ups and put all our personal savings into launching Australia's only national newspaper for kids," the founders wrote. "We thought it was about time young people had their own quality newspaper, especially at a time when information comes from so many different places and it's not always clear who's producing it or why. "We strived for excellence and integrity and you inspired us to keep going and do even better. You proved the need and worth of Crinkling News." Advertisement
Crinkling News Frequently Asked Questions (FAQ)
Where is Crinkling News's headquarters?
Crinkling News's headquarters is located at Lawson.
What is Crinkling News's latest funding round?
Crinkling News's latest funding round is Dead.
How much did Crinkling News raise?
Crinkling News raised a total of $160K.
Who are the investors of Crinkling News?
Investors of Crinkling News include Indiegogo.