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Raconteur magazine closes nine months after launch due to ‘lack of advertising revenue’

Raconteur, the free current affairs magazine, is closing nine months after launching due to a lack of advertising revenue.

The last issue of the quarterly magazine, published by content agency Raconteur Media, will come out on Friday.

Raconteur Magazine launched in March. At the time, Raconteur Media founder Freddie Ossberg was reported as saying: “Now is a good time to launch a freesheet as the model is proving popular with readers.”

Ossberg said the magazine closed for commercial reasons.

He added: “The print advertising market just dropped off a cliff this year,” and said the company decided it could no longer “chase the dream that isn’t going to become a reality”.

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