The World: Sydney - The Bulletin closes down after 128-year run

The Bulletin, Australia's oldest magazine, has been closed by its publisher, ACP Magazines, after 128 years. Falling commercial revenues and the rise of the internet are being blamed for its demise.

The weekly news title had been suffering from plummeting circulation in recent years. Last September, its ABC figure stood at just over 57,000, compared with more than 100,000 in the mid-90s. At the same time, the magazine, which had a 30-strong staff, has suffered from an ageing readership. Almost half its readership was aged 50 or over.

Scott Lorson, ACP's chief executive, said: "This is a sad day for all of us."

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