The Australian edition of Rolling Stone magazine has ceased publication after 46 years. The local publisher Paper Riot Pty Ltd went into external administration last week. The local edition, which was started by Phillip Frazer in 1972 changed hands several years ago when Paper Riot took over the franchise from Bauer Media.
Paper Riot was formed by Rolling Stone editor Matthew Coyte who said in 2013, “While Bauer didn’t necessarily see it as a viable business for a small operation I thought it was a very viable business, and I look forward to doing some of the things that being a smaller business will allow me to pursue.”
Last week Coyte told Mumbrella, “Paper Riot is in liquidation and will no longer be publishing Rolling Stone in Australia. The license has reverted back to the owner, Rolling Stone International. I can’t tell you what their plans are moving forward or make any further comment.”
The print audience report for November 2017 claimed that Rolling Stone had an annual issue readership of 230,000, while the Roy Morgan magazine readership survey reported 190,000 readers in September, down 16% from the previous year.
The Australian edition was the longest standing international title. Last year Rolling stone celebrated its 50th anniversary in America but founder Jan Wenner recently sold his stake in the magazine.